Enterprise North Inc

Analysis

Enterprise North Inc is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in December 1970, 56 years ago. 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, Enterprise North Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Enterprise North Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Forsyth Economic Ventures Inc ($1.7m), Farmhouse Retreat Inc ($1.7m) and Sa Life Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $87k (5.9% of expenses). Other salaries and wages came to $868k. At year end it held assets of $1.8m against liabilities of $123k, net assets of $1.7m. It reported 91 employees.