North Shore Health Project Inc

Analysis

North Shore Health Project Inc is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 June 2024, North Shore Health Project Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $518k to $1.4m (+164%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Shore Health Project Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Lutheran Residence Corporation ($1.4m), Southwest Florida Safety Council Inc ($1.4m) and White River Medical Center Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $99k (7.2% of expenses). Other salaries and wages came to $565k. At year end it held assets of $1.1m against liabilities of $874k, net assets of $177k. It reported 14 employees.