North Star Community Services Inc

Analysis

North Star Community Services Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Star Community Services Inc reported income of $4.8m and spending of $4.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $4.8m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Star Community Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Larc Inc ($4.8m), Big Bend Jobs & Education Council Inc ($4.9m) and Tacolcy Economic Development Corporation Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $113k (2.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $4.0m against liabilities of $597k, net assets of $3.4m. It reported 141 employees.