Norway House
Norway House shows significant asset growth and no officer compensation, with recent expenses exceeding revenue.
EIN: 201129254 · Minneapolis, MN · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| Net Assets | $17.4M |
| Transparency Score | 85/100 |
Is Norway House Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Norway House directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Norway House
Norway House (EIN: 201129254) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A23. The organization reported total revenue of $7.7M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norway House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norway House is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-474,041 |
| Total Assets | $21.7M |
| Total Liabilities | $4.2M |
| Net Assets | $17.4M |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 106.8 months |
Financial Health Grade: B
In 2023, Norway House reported a deficit of $474K with expenses exceeding revenue, holds 106.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Norway House's revenue has grown at a compound annual growth rate (CAGR) of 29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.3% | +65.9% | -9.7% |
| 2022 | +139.7% | +35.8% | +68.2% |
| 2021 | -59.4% | +7.8% | +13.8% |
| 2020 | +100.3% | -20.6% | +85.3% |
| 2019 | +49.3% | +4.6% | +45.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Norway House 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Norway House allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 deficit of $474K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
Norway House consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 Norway House's IRS 990 filings:
- Expenses exceeded revenue in the latest 2023 filing ($2,433,290 expenses vs. $1,959,249 revenue).
Strengths
The following positive indicators were identified for Norway House:
- Consistent 0% officer compensation reported across all filings.
- Significant asset growth from $2.8 million in 2014 to $22.1 million in the latest filing.
- Strong revenue generation in several periods, such as $7.0 million in 2020 and $6.8 million in 2022.
- Extensive filing history (13 filings) demonstrating transparency.
Frequently Asked Questions about Norway House
Is Norway House a legitimate charity?
Based on AI analysis of IRS 990 filings, Norway House (EIN: 201129254) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Norway House spend its money?
Norway House directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Norway House tax-deductible?
Norway House is registered as a tax-exempt nonprofit (EIN: 201129254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Norway House's spending goes to programs?
Norway House directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Norway House compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Norway House is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Norway House located?
Norway House is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 201129254. It is classified under NTEE code A23.
How many years of IRS 990 filings does Norway House have?
Norway House has 13 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 $7.7M in total revenue.
Is Norway House financially stable?
Yes, Norway House appears financially stable, with assets growing from $2.8 million in 2014 to over $22 million currently. While the 2023 period showed expenses exceeding revenue, this follows several years of significant revenue surpluses and asset accumulation.
How does Norway House manage executive compensation?
Norway House reports 0% officer compensation in all available IRS 990 filings, meaning no salaries or other compensation are paid to its officers.
Has Norway House's revenue been consistent?
Norway House's revenue has fluctuated significantly, with peaks of $7,022,565 in 2020 and $6,832,394 in 2022, but also periods of lower revenue such as $1,018,376 in 2017 and $1,959,249 in 2023.
Filing History
IRS 990 filing history for Norway House showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Norway House's revenue has grown by 2095.9%, moving from $89K to $2.0M. Total assets increased by 19531.1% over the same period, from $110K to $21.7M. Total functional expenses rose by 2201.4%, from $106K to $2.4M. In its most recent filing year (2023), Norway House reported a deficit of $474K, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $21.7M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $17.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.4M | $21.7M | $4.2M | — | View 990 |
| 2022 | $6.8M | $1.5M | $24.0M | $5.8M | — | View 990 |
| 2021 | $2.9M | $1.1M | $14.3M | $1.4M | — | View 990 |
| 2020 | $7.0M | $1.0M | $12.5M | $1.5M | — | View 990 |
| 2019 | $3.5M | $1.3M | $6.8M | $1.7M | — | View 990 |
| 2018 | $2.3M | $1.2M | $4.7M | $1.8M | — | View 990 |
| 2017 | $1.0M | $975K | $4.1M | $2.4M | — | View 990 |
| 2016 | $644K | $900K | $4.1M | $2.4M | — | View 990 |
| 2015 | $723K | $804K | $4.4M | $2.5M | — | View 990 |
| 2014 | $1.1M | $466K | $2.8M | $889K | — | View 990 |
| 2013 | $934K | $211K | $2.2M | $914K | — | View 990 |
| 2012 | $300K | $131K | $280K | $0 | — | View 990 |
| 2011 | $89K | $106K | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.4M, and assets of $21.7M (revenue -71.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $1.5M, and assets of $24.0M (revenue +139.7% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.1M, and assets of $14.3M (revenue -59.4% year-over-year).
- 2020: Revenue of $7.0M, expenses of $1.0M, and assets of $12.5M (revenue +100.3% year-over-year).
- 2019: Revenue of $3.5M, expenses of $1.3M, and assets of $6.8M (revenue +49.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $1.2M, and assets of $4.7M (revenue +130.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $975K, and assets of $4.1M (revenue +58.1% year-over-year).
- 2016: Revenue of $644K, expenses of $900K, and assets of $4.1M (revenue -10.9% year-over-year).
- 2015: Revenue of $723K, expenses of $804K, and assets of $4.4M (revenue -36.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $466K, and assets of $2.8M (revenue +21.0% year-over-year).
- 2013: Revenue of $934K, expenses of $211K, and assets of $2.2M (revenue +211.1% year-over-year).
- 2012: Revenue of $300K, expenses of $131K, and assets of $280K (revenue +236.5% year-over-year).
- 2011: Revenue of $89K, expenses of $106K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norway House:
Data Sources and Methodology
This transparency report for Norway House 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.