Mille Lacs Co Area Dac Inc

Analysis

Mille Lacs Co Area Dac Inc is a registered charity in United States, based in Milaca, MN. It received its IRS tax-exemption ruling in April 1970, 56 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, Mille Lacs Co Area Dac Inc reported income of $3.6m and spending of $3.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mille Lacs Co Area Dac Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Sarah Bush Lincoln Health Foundation ($3.6m), L Arche Boston North Inc ($3.6m) and Russell Home for Atypical Children Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $147k (4.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.0m against liabilities of $324k, net assets of $2.7m.