Northern Lights Alliance for the Homeless Inc

Analysis

Northern Lights Alliance for the Homeless Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Northern Lights Alliance for the Homeless Inc reported income of $376k and spending of $304k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $376k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northern Lights Alliance for the Homeless Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include Maple Lake Housing Development Corporation ($376k), Oswego Housing Development Council Inc ($376k) and United Hopes Inc ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $61k (20% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.3m against liabilities of $181k, net assets of $1.1m. It reported 6 employees.