Northside Development Corporation

Analysis

Northside Development Corporation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in January 2013, 13 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 June 2023, Northside Development Corporation reported income of $1.4m and spending of $3.0m, spending 212% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.2m to $1.4m (-83%), an average of -35% a year. The sharpest change came in the year to June 2020, when income dropped by 60%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northside Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include South Suburban Mayors & Managers Association ($1.4m), Cardboard Project ($1.4m) and James House Intervention Prevention Services Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $124k (4.1% of expenses). Other salaries and wages came to $404k. At year end it held assets of $27.4m against liabilities of $10.0m, net assets of $17.4m. It reported 10 employees.