Great Northern Development Corporation

Analysis

Great Northern Development Corporation is a registered charity in United States, based in Wolf Point, MT. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Great Northern Development Corporation reported income of $1.1m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $671k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great Northern Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within MT. Charities of a similar size with the same main cause include Southwest Washington Electrical JNT Apprntcshp & Training Trust Fund ($1.1m), Maine Energy Marketers Association Education Foundation ($1.1m) and Vocational Opportunities of Cherokee Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $139k (14% of expenses). Other salaries and wages came to $264k. At year end it held assets of $4.6m against liabilities of $2.3m, net assets of $2.4m. It reported 13 employees.