Institute of the North

Analysis

Institute of the North is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Institute of the North reported income of $652k and spending of $671k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $488k to $652k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Institute of the North sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Mission on the Move Inc ($651k), Sustainable Medical Missions Inc ($652k) and Disciples Village ($651k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $132k (20% of expenses). Other salaries and wages came to $64k. At year end it held assets of $533k against liabilities of $136k, net assets of $397k. It reported 1 employees.