Northpoint Bible College

Analysis

Northpoint Bible College is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in March 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Northpoint Bible College reported income of $4.3m and spending of $6.5m, spending 150% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $7.0m to $4.3m (-38%), an average of -11% a year. The sharpest change came in the year to April 2023, when income dropped by 21%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northpoint Bible College sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Women in Cyber Security ($4.3m), Bethel Hill Charter School ($4.3m) and Wheeling Country Day School ($4.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $346k (5.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $17.4m against liabilities of $2.0m, net assets of $15.4m. It reported 121 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.