Northpoint College

Analysis

Northpoint College is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northpoint College reported income of $869k and spending of $964k, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.1m to $869k (-24%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northpoint College sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Lemontree Foods Inc ($869k), Upper Montgomery County Volunteer Fire Department Inc ($869k) and Miami Veterinary Foundation Inc ($869k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $135k (14% of expenses). Other salaries and wages came to $319k. At year end it held assets of $279k against liabilities of $79k, net assets of $201k. It reported 31 employees.