Northern Pines of Minnesota Inc

Analysis

Northern Pines of Minnesota Inc is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 September 2023, Northern Pines of Minnesota Inc reported income of $988k and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $628k to $988k (+57%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 202%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Pines of Minnesota Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Venture North Funding and Development ($988k), Maryland Hospital Education and Research Foundation Incorporated ($988k) and Child Abuse Council of Muskegon County ($988k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $67k (6.6% of expenses). Other salaries and wages came to $5,264. At year end it held assets of $600k against liabilities of $311k, net assets of $289k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.