Northport Apartments Corporation

Analysis

Northport Apartments Corporation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1998, 28 years ago. 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 September 2023, Northport Apartments Corporation reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northport Apartments Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Team Central Gymnastic Academy Inc ($1.9m), Lawfare Institute ($1.9m) and Satori Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $479k. At year end it held assets of $4.2m against liabilities of $194k, net assets of $4.0m. It reported 24 employees.