Northaven Development

Analysis

Northaven Development is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Northaven Development reported income of $2.1m and spending of $2.7m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northaven Development sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Heartfulness Institute ($2.1m), Play Learn & Grow Inc ($2.1m) and American Friends of Unit 669 Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 90% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of $70k. It reported 65 employees.