Laker Booster Club Inc

Analysis

Laker Booster Club Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Laker Booster Club Inc reported income of $185k and spending of $185k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $196k to $185k (-5.6%), an average of -5.6% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laker Booster Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Strides Horse Park Tems Inc ($185k), Forest School Foundation ($185k) and Agc of North Dakota Foundation ($185k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.7% of the total. At year end it held assets of $357k against liabilities of $0, net assets of $357k.