Northcott Neighborhood House

Analysis

Northcott Neighborhood House is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1962, 64 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northcott Neighborhood House reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northcott Neighborhood House sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Upper Arlington Community Foundation Inc ($3.2m), East 66th Street Services Inc ($3.2m) and Indiana Construction Roundtable Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $161k (5.0% of expenses). Other salaries and wages came to $841k. At year end it held assets of $1.3m against liabilities of $369k, net assets of $891k. It reported 60 employees.