Northstar Foundation

Analysis

Northstar Foundation is a registered charity in United States, based in Storrs, CT. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northstar Foundation reported income of $64k and spending of $67k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $129k to $64k (-51%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northstar Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Christian Womens Job Corps of El Paso ($64k), Flathead Association of Senior Citizens Inc ($64k) and Northeast Iowa Farm and Antique Association ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $11 against liabilities of $33k, net assets of -$33k.

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.