North Shore Razor Corp

Analysis

North Shore Razor Corp is a registered charity in United States, based in East Setauket, NY. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, North Shore Razor Corp reported income of $69k and spending of $115k, spending 166% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $69k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, North Shore Razor Corp sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Memorial Spring Branch Girls Lacrosse Club Inc ($69k), Smiling Calm Hearts Open Our Learning Inc ($69k) and Margwine Organization Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3,297 against liabilities of $0, net assets of $3,297.