Koronis Lake Association Inc

Analysis

Koronis Lake Association Inc is a registered charity in United States, based in Paynesville, MN. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2023, Koronis Lake Association Inc reported income of $194k and spending of $142k, leaving 27% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $149k to $194k (+30%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Koronis Lake Association Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Henry E & Nancy H Bartels Trust Fbo Cornell University ($194k), Society for the Advancement of Material & Process Engineers ($194k) and Capital Public Radio Endowment Inc ($194k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $290k against liabilities of $0, net assets of $290k.