Red Lake Nation College

Analysis

Red Lake Nation College is a registered charity in United States, based in Red Lake, MN. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Lake Nation College reported income of $13.2m and spending of $9.0m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $13.2m (+374%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 451%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Lake Nation College sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Campus Research Corporation ($13.2m), Sage International School of Boise a Public Charter School Inc ($13.2m) and Brighter Choice Elementary Charter Schools ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $809k (9.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $16.7m against liabilities of $2.3m, net assets of $14.5m. It reported 93 employees.