North Star Fund Inc
North Star Fund Inc. shows strong asset growth and zero reported officer compensation amidst fluctuating revenues.
EIN: 132950801 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39.0M |
| Total Expenses | $10.1M |
| Program Spending | 80% |
| Net Assets | $27.0M |
| Transparency Score | 85/100 |
Is North Star Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Star Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Star Fund Inc
North Star Fund Inc (EIN: 132950801) is a nonprofit organization based in New York, NY. The organization reported total revenue of $39.0M and total assets of $33.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Star Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Star Fund Inc is a large nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.4M |
| Total Expenses | $10.1M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $29.4M |
| Total Liabilities | $2.4M |
| Net Assets | $27.0M |
| Operating Margin | 24.7% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2023, North Star Fund Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), North Star Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | -36.8% | +16.5% |
| 2022 | -56.2% | -13.4% | -5.9% |
| 2021 | +115.8% | +1.9% | +128.6% |
| 2020 | +16.7% | +92.3% | -22.4% |
| 2019 | +65.8% | +51.1% | +36.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Star Fund Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, North Star Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
North Star Fund Inc. consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission and excellent transparency regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Star Fund Inc's IRS 990 filings:
- Significant revenue volatility, which could impact long-term program planning if not managed effectively.
Strengths
The following positive indicators were identified for North Star Fund Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency and efficient use of funds.
- Strong asset growth over the past decade, from $6.8 million in 2014 to $29.3 million in 2023.
- Generally positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about North Star Fund Inc
Is North Star Fund Inc a legitimate charity?
North Star Fund Inc (EIN: 132950801) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $39.0M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does North Star Fund Inc spend its money?
North Star Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Star Fund Inc tax-deductible?
North Star Fund Inc is registered as a tax-exempt nonprofit (EIN: 132950801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Star Fund Inc's spending goes to programs?
North Star Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Star Fund Inc located?
North Star Fund Inc is headquartered in New York, New York and files with the IRS under EIN 132950801.
How many years of IRS 990 filings does North Star Fund Inc have?
North Star Fund Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $39.0M in total revenue.
Is North Star Fund Inc. a good charity?
Based on the available data, North Star Fund Inc. appears to be a good charity. It demonstrates strong asset growth, a commitment to transparency with 0% reported officer compensation, and generally manages its expenses well relative to its revenue, though revenue can be volatile.
How has North Star Fund Inc.'s revenue changed over time?
North Star Fund Inc.'s revenue has shown significant fluctuations, from a low of $3.3 million in 2014 to a peak of $32.2 million in 2021, and most recently $13.4 million in 2023. This indicates a dynamic funding environment.
What is the trend in North Star Fund Inc.'s assets?
The organization's assets have shown consistent growth, increasing from $6.8 million in 2014 to $29.3 million in 2023, indicating a healthy accumulation of resources over time.
Filing History
IRS 990 filing history for North Star Fund Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), North Star Fund Inc's revenue has grown by 177.4%, moving from $4.8M to $13.4M. Total assets increased by 214.2% over the same period, from $9.4M to $29.4M. Total functional expenses rose by 160.2%, from $3.9M to $10.1M. In its most recent filing year (2023), North Star Fund Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $29.4M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.4M | $10.1M | $29.4M | $2.4M | — | — |
| 2022 | $14.1M | $16.0M | $25.2M | $2.0M | — | View 990 |
| 2021 | $32.3M | $18.5M | $26.8M | $1.4M | — | — |
| 2020 | $14.9M | $18.1M | $11.7M | $566K | — | View 990 |
| 2019 | $12.8M | $9.4M | $15.1M | $931K | — | View 990 |
| 2018 | $7.7M | $6.2M | $11.1M | $623K | — | View 990 |
| 2017 | $5.5M | $5.1M | $9.5M | $574K | — | View 990 |
| 2016 | $6.7M | $5.8M | $9.1M | $739K | — | View 990 |
| 2015 | $5.3M | $4.3M | $7.9M | $380K | — | View 990 |
| 2014 | $3.3M | $3.9M | $6.8M | $226K | — | View 990 |
| 2013 | $5.6M | $6.4M | $7.8M | $667K | — | View 990 |
| 2012 | $4.8M | $3.9M | $9.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.4M, expenses of $10.1M, and assets of $29.4M (revenue -5.1% year-over-year).
- 2022: Revenue of $14.1M, expenses of $16.0M, and assets of $25.2M (revenue -56.2% year-over-year).
- 2021: Revenue of $32.3M, expenses of $18.5M, and assets of $26.8M (revenue +115.8% year-over-year).
- 2020: Revenue of $14.9M, expenses of $18.1M, and assets of $11.7M (revenue +16.7% year-over-year).
- 2019: Revenue of $12.8M, expenses of $9.4M, and assets of $15.1M (revenue +65.8% year-over-year).
- 2018: Revenue of $7.7M, expenses of $6.2M, and assets of $11.1M (revenue +41.6% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.1M, and assets of $9.5M (revenue -18.1% year-over-year).
- 2016: Revenue of $6.7M, expenses of $5.8M, and assets of $9.1M (revenue +26.1% year-over-year).
- 2015: Revenue of $5.3M, expenses of $4.3M, and assets of $7.9M (revenue +58.5% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.9M, and assets of $6.8M (revenue -40.6% year-over-year).
- 2013: Revenue of $5.6M, expenses of $6.4M, and assets of $7.8M (revenue +15.9% year-over-year).
- 2012: Revenue of $4.8M, expenses of $3.9M, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Star Fund Inc:
Data Sources and Methodology
This transparency report for North Star Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.