Midwest Association of Prelaw Advisors Inc

Analysis

Midwest Association of Prelaw Advisors Inc is a registered charity in United States, based in Falcon HGTS, MN. It received its IRS tax-exemption ruling in February 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Midwest Association of Prelaw Advisors Inc reported income of $53k and spending of $71k, spending 133% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $30k to $53k (+75%), an average of +75% a year. The sharpest change came in the year to March 2023, when income rose by 75%. 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, Midwest Association of Prelaw Advisors Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Transportation Club of Jacksonville Inc ($53k), Westchester Streetscape Improvement Association Inc ($53k) and Lenoir County Development Alliance Inc ($53k).

On its Form 990-EZ for the period ending March 2023, revenue came from program service revenue 19% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.