Northland Foundation

Analysis

Northland Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Northland Foundation reported income of $11.7m and spending of $11.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $11.7m (+167%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 275%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northland Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Greater Houston Golf Charity ($11.7m), Rubin Museum of Art ($11.7m) and Los Angeles Brotherhood Crusade - Black United Fund Inc ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $386k (3.4% of expenses). Other salaries and wages came to $1.5m. It paid $33k in professional fundraising fees. At year end it held assets of $115.1m against liabilities of $4.9m, net assets of $110.2m. It reported 23 employees.