Red Lake Falls Childrens Center Inc

Analysis

Red Lake Falls Childrens Center Inc is a registered charity in United States, based in RL Falls, MN. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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 June 2022, Red Lake Falls Childrens Center Inc reported income of $312k and spending of $277k, spending 89% of its income. Across the 2 years on record, from June 2021 to June 2022, income fell from $386k to $312k (-19%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Lake Falls Childrens Center Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Telugu Fine Arts Society Inc ($312k), Union Fire Company of Cornwells Heights Pa ($312k) and Westmoreland Volunteer Fire Dept Inc ($312k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $196k. At year end it held assets of $152k against liabilities of $2,200, net assets of $150k.