Northcrest Inc

Analysis

Northcrest Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in June 1963, 63 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 December 2023, Northcrest Inc reported income of $13.8m and spending of $12.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $13.8m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northcrest Inc 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 96th percentile within IA. Charities of a similar size with the same main cause include YMCA of Metuchen NJ ($13.8m), Hillview Retirement Center ($13.8m) and Catholic Charities Inc ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $325k (2.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $86.3m against liabilities of $65.0m, net assets of $21.2m. It reported 209 employees.