Northeast-Midwest Institute

Analysis

Northeast-Midwest Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1978, 48 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 December 2023, Northeast-Midwest Institute reported income of $577k and spending of $490k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $549k to $577k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast-Midwest Institute sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Poltava Center Inc ($577k), Family Crisis Center Inc ($577k) and Bethany Home Health Care Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $200k (41% of expenses). Other salaries and wages came to $157k. At year end it held assets of $108k against liabilities of $195k, net assets of -$87k. It reported 6 employees.