Northfield Apartments Inc

Analysis

Northfield Apartments Inc is a registered charity in United States, based in Wellington, KS. It received its IRS tax-exemption ruling in December 1992, 34 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 2023, Northfield Apartments Inc reported income of $128k and spending of $136k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $88k to $128k (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northfield Apartments Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within KS. Charities of a similar size with the same main cause include Future Farmers of America State Associations & Local Chapter ($128k), Passport to Freedom ($128k) and Family Career and Community Leaders of America Inc ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $394k against liabilities of $98k, net assets of $296k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.