North Shore Health Care Foundation

Analysis

North Shore Health Care Foundation is a registered charity in United States, based in Lutsen, MN. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, North Shore Health Care Foundation reported income of $309k and spending of $352k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $309k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Shore Health Care Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Heartstrings Counseling Inc ($309k), Project Discovery ($309k) and Cancer Resource Center of the Desert ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $50k. At year end it held assets of $896k against liabilities of $69k, net assets of $827k. It reported 4 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.