Little Earth Residents Association Inc

Analysis

Little Earth Residents Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1984, 42 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 December 2023, Little Earth Residents Association Inc reported income of $3.1m and spending of $1.9m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.1m (+166%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Little Earth Residents Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include New Perceptions Inc ($3.1m), Nebraska Healthcare Collaborative Inc ($3.1m) and Ohio Premier Soccer Club of Dublin Ohio ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $113k (5.9% of expenses). Other salaries and wages came to $656k. At year end it held assets of $2.6m against liabilities of $89k, net assets of $2.5m. It reported 23 employees.