North Shore Exchange NFP

Analysis

North Shore Exchange NFP is a registered charity in United States, based in Glencoe, IL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, North Shore Exchange NFP reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $4.6m (+109%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Shore Exchange NFP 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 IL. Charities of a similar size with the same main cause include New England Region Volleyball Association Inc ($4.6m), Good Shepherd Manor Foundation ($4.6m) and Fox Performing Arts Charitable Foundation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $667k. At year end it held assets of $2.4m against liabilities of $2.0m, net assets of $407k. It reported 35 employees.