Northsound Association for Catholic Education

Analysis

Northsound Association for Catholic Education is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northsound Association for Catholic Education reported income of $10.0m and spending of $10.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $10.0m (-3.2%), an average of -0.8% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northsound Association for Catholic Education sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Golden View Classical Academy ($10.0m), Gulfstream School Inc ($10.0m) and Excelsior Academies Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $499k (4.6% of expenses). Other salaries and wages came to $5.3m. It paid $18k in professional fundraising fees. At year end it held assets of $17.4m against liabilities of $4.7m, net assets of $12.7m. It reported 134 employees.