Northwood Foundation

Analysis

Northwood Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwood Foundation reported income of $805k and spending of $56k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $805k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 835%. Over the whole period it spent 3.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwood Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Fort Wayne Electrical Joint Apprenticeship and Training Trust ($805k), Mahtomedi Youth Hockey Association Inc ($805k) and New England Hebrew Academy ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% of the total. At year end it held assets of $23.8m against liabilities of $0, net assets of $23.8m.