Northern Shores Community Development

Analysis

Northern Shores Community Development is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Northern Shores Community Development reported income of $299k and spending of $452k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $299k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northern Shores Community Development sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Spotted Eagle Inc ($299k), Arizona Career Development Center ($299k) and Medtech and Biotech Veterans Program Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.3m against liabilities of $103k, net assets of $1.2m. It reported 5 employees.