Northeast Community Fund

Analysis

Northeast Community Fund is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in May 1970, 56 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 March 2023, Northeast Community Fund reported income of $2.8m and spending of $3.2m, spending 114% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.4m to $2.8m (+94%), an average of +25% a year. The sharpest change came in the year to March 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Community Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include North Carolina Childrens Museum ($2.8m), Homewood Insurance Company Inc ($2.8m) and The Trustees of the Ladew Topiary Gardens Inc ($2.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $90k (2.9% of expenses). Other salaries and wages came to $365k. At year end it held assets of $3.6m against liabilities of $100k, net assets of $3.5m. It reported 27 employees.