Norwood Square Inc

Analysis

Norwood Square Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Norwood Square Inc reported income of $378k and spending of $503k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $378k (+5.0%), an average of +1.2% a year. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwood Square Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Hastings Cable Community Access Corp ($378k), American Freedom Foundation Inc ($378k) and American Friends of Mercaz Hatorah Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.2m against liabilities of $171k, net assets of $1.0m.

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.