Northbound Foundation Inc

Analysis

Northbound Foundation Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Northbound Foundation Inc reported income of $306k and spending of $486k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $306k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northbound Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Tuscarawas County Council for Church & Community ($305k), Prescott Chamber of Commercefoundation ($306k) and Your Store of the Queen City ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (12% of expenses). Other salaries and wages came to $85k. At year end it held assets of $16k against liabilities of $887, net assets of $15k. It reported 2 employees.