Lake Itasca Region Pioneer Farms

Analysis

Lake Itasca Region Pioneer Farms is a registered charity in United States, based in Bagley, MN. It received its IRS tax-exemption ruling in June 1993, 33 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 September 2023, Lake Itasca Region Pioneer Farms reported income of $126k and spending of $79k, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $90k to $126k (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 1828%. Over the whole period it spent 54% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Itasca Region Pioneer Farms sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Orange County Aiki Kai Inc ($126k), Team Hines 42 Foundation ($126k) and Camarillo Cougars ($125k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 42% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.