Northstar Learning Centers Inc

Analysis

Northstar Learning Centers Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in April 1976, 50 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 June 2023, Northstar Learning Centers Inc reported income of $5.8m and spending of $5.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.8m (+118%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northstar Learning Centers Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Meals on Wheels of Ri Inc ($5.8m), Faith House Inc ($5.8m) and Young Mens Christian Association-Moultrie YMCA ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $183k (3.5% of expenses). Other salaries and wages came to $2.4m. It paid $55k in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $2.0m, net assets of $2.5m. It reported 86 employees.