Northfield Healthy Community Initiative

Analysis

Northfield Healthy Community Initiative is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Northfield Healthy Community Initiative reported income of $3.7m and spending of $3.3m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $3.7m (+96%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northfield Healthy Community Initiative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Cooperative Development Institute ($3.7m), HHT Foundation International Inc ($3.7m) and Accounting Aid Society ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $110k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.2m against liabilities of $212k, net assets of $3.0m. It reported 46 employees.