Lakes Curling Club Inc

Analysis

Lakes Curling Club Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lakes Curling Club Inc reported income of $79k and spending of $52k, leaving 34% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $71k to $79k (+12%), an average of +12% a year. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakes Curling Club Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Stone-Wiggins Recreation Association Inc ($79k), Concord Carlisle Youth Basketball Inc ($79k) and Cortez Racing Association a California Corporation ($79k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 3.6% and program service revenue 64% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.