Northern Great Lakes Initiatives

Analysis

Northern Great Lakes Initiatives is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Northern Great Lakes Initiatives reported income of $8.9m and spending of $5.6m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $8.9m (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northern Great Lakes Initiatives sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Opportunities for Otsego Inc ($8.9m), Framax Inc ($8.9m) and Room at the Inn Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $452k (8.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $44.9m against liabilities of $29.2m, net assets of $15.7m. It reported 34 employees.