Northshore Community Foundation

Analysis

Northshore Community Foundation is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northshore Community Foundation reported income of $10.6m and spending of $6.1m, leaving 42% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.2m to $10.6m (+102%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northshore Community Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Urban Triage ($10.5m), Community Foundation Serving Western Virginia ($10.6m) and North Valley Community Foundation ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $213k (3.5% of expenses). Other salaries and wages came to $106k. At year end it held assets of $38.6m against liabilities of $118k, net assets of $38.5m. It reported 7 employees.