True North Organizing Network

Analysis

True North Organizing Network is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. 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 2022, True North Organizing Network reported income of $1.7m and spending of $874k, leaving 47% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $353k to $1.7m (+370%), an average of +68% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, True North Organizing Network sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Lake Michigan College Foundation ($1.7m), Lawyers Assistance Program Inc ($1.7m) and DRS R W & J a Love Memorial Clinic ($1.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $186k (21% of expenses). Other salaries and wages came to $428k. It paid $17k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $44k, net assets of $1.0m. It reported 28 employees.