43north Foundation Inc

Analysis

43north Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. 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 December 2023, 43north Foundation Inc reported income of $318k and spending of $1.1m, spending 335% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $56.5m to $318k (-99%), an average of -92% a year. The sharpest change came in the year to December 2022, when income dropped by 99%. Over the whole period it spent 2.2% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 43north Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Helen May Larson Charitable Trust ($318k), Warwick Pal ($318k) and Wrexham Foundation Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 126% of the total. Compensation of current officers, directors and key employees was $20k (1.9% of expenses). At year end it held assets of $57.4m against liabilities of $0, net assets of $57.4m.