Northern Lights Library Network

Analysis

Northern Lights Library Network is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2024, Northern Lights Library Network reported income of $345k and spending of $267k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $223k to $345k (+54%), an average of +9.1% a year. The sharpest change came in the year to June 2024, when income rose by 50%. 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, Northern Lights Library Network sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include United Way of the Kearney Area Inc ($345k), Blue Ridge Energy Members Foundation ($345k) and North Branch Area Hockey Association Inc ($345k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $124k (46% of expenses). Other salaries and wages came to $42k. At year end it held assets of $436k against liabilities of $51k, net assets of $385k. It reported 2 employees.