Northstar Church Inc

Analysis

Northstar Church Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Northstar Church Inc reported income of $3.3m and spending of $2.5m, leaving 23% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.6m to $3.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to May 2022, when income rose by 101%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Northstar Church Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Clarence E McClendon Ministries Full Harvest International Church ($3.3m), Yehudi Inc ($3.3m) and Northern Michigan Catholic Foundation ($3.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $421k (17% of expenses). Other salaries and wages came to $660k. At year end it held assets of $14.1m against liabilities of $5.4m, net assets of $8.7m. It reported 43 employees.