Lake Minnewawa Association Inc

Analysis

Lake Minnewawa Association Inc is a registered charity in United States, based in McGregor, MN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 December 2023, Lake Minnewawa Association Inc reported income of $78k and spending of $59k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $78k (+14%), an average of +14% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Minnewawa Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Youth in Action Incorporated ($78k), Oakwood Residence Inc ($78k) and Graysville and Community Volunteer Fire Department ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 26% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.