Coon Lake Community & Senior Center Inc

Analysis

Coon Lake Community & Senior Center Inc is a registered charity in United States, based in Wyoming, MN. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Coon Lake Community & Senior Center Inc reported income of $56k and spending of $87k, spending 156% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $55k to $56k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to March 2022, when income rose by 100%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coon Lake Community & Senior Center Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Looking Glass Arts Inc ($56k), Central Indiana Woodworkers Inc ($56k) and Brookville Area Handivan Ministry ($56k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 75% and program service revenue 12% of the total. Other salaries and wages came to $8,470. At year end it held assets of $408k against liabilities of $539, net assets of $408k. It reported 10 employees.