North Cottage Program Inc

Analysis

North Cottage Program Inc is a registered charity in United States, based in Norton, MA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 June 2023, North Cottage Program Inc reported income of $9.7m and spending of $8.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.7m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Cottage Program Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Chief Dull Knife College ($9.7m), Middle Kentucky Community Action Partnership Inc ($9.7m) and Center City Housing Corporation ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $423k (4.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $14.2m against liabilities of $4.5m, net assets of $9.7m. It reported 99 employees.