50 North

Analysis

50 North is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in August 1974, 52 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 December 2023, 50 North reported income of $4.5m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.5m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 50 North sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Bellarmine Jesuit Retreat House Inc ($4.5m), Asi Missions Inc ($4.5m) and Lander Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $176k (4.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.1m against liabilities of $1.3m, net assets of $8.8m. It reported 91 employees.