Northwood Childrens Home Society Inc

Analysis

Northwood Childrens Home Society Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1942, 84 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, Northwood Childrens Home Society Inc reported income of $22.9m and spending of $18.8m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.9m to $22.9m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwood Childrens Home Society Inc 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 MN. Charities of a similar size with the same main cause include Lena Pope Home Inc ($22.9m), Baptist Home Association of the Rocky Mountain Inc ($22.9m) and South Shore Support Services Inc ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $317k (1.7% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $32.6m against liabilities of $1.2m, net assets of $31.4m. It reported 278 employees.