Truenorth Community Services

Analysis

Truenorth Community Services is a registered charity in United States, based in Fremont, MI. It received its IRS tax-exemption ruling in June 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Truenorth Community Services reported income of $23.6m and spending of $23.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.3m to $23.6m (+45%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Truenorth Community Services sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Hoffmann Hospice of the Valley Inc ($23.6m), Big Oak Ranch Inc ($23.6m) and Lifecare Alliance ($23.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $206k (0.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $17.2m against liabilities of $7.1m, net assets of $10.1m. It reported 265 employees.