North Shore Horizons Inc

Analysis

North Shore Horizons Inc is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Shore Horizons Inc reported income of $272k and spending of $381k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $379k to $272k (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Shore Horizons Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Preschool at Chapel of the Cross ($272k), West Central Inc ($272k) and Northmen Den Youth Pantries Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $97k (25% of expenses). Other salaries and wages came to $133k. At year end it held assets of $724k against liabilities of $623k, net assets of $101k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.