Northfield Shares

Analysis

Northfield Shares is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Northfield Shares reported income of $1.3m and spending of $567k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $595k to $1.3m (+119%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 558%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northfield Shares sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Schostak Family Support Foundation ($1.3m), Fenwick Community Fund ($1.3m) and Students Shoulder to Shoulder ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.5% of the total. Other salaries and wages came to $144k. At year end it held assets of $7.3m against liabilities of $554k, net assets of $6.7m. It reported 3 employees.