Pal Foundation of Crosslake

Analysis

Pal Foundation of Crosslake is a registered charity in United States, based in Crosslake, MN. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Pal Foundation of Crosslake reported income of $95k and spending of $91k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $95k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pal Foundation of Crosslake sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include JNC STL Inc ($95k), Allan Houston Legacy Foundation Inc ($95k) and Fth-Rochelle Rotary Club ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.