Access North Center for Independent Living of Northeastern Minnesota

Analysis

Access North Center for Independent Living of Northeastern Minnesota is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in February 1988, 38 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 2022, Access North Center for Independent Living of Northeastern Minnesota reported income of $9.1m and spending of $9.6m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $8.1m to $9.1m (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Access North Center for Independent Living of Northeastern Minnesota sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include National Congress of American Indians ($9.1m), Pikesville Armory Foundation Inc ($9.1m) and St Williams Living Center ($9.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $142k (1.5% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $3.8m against liabilities of $601k, net assets of $3.2m. It reported 614 employees.