Maple Lake-Lake Property Owners Association Inc

Analysis

Maple Lake-Lake Property Owners Association Inc is a registered charity in United States, based in Maple Lake, MN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Maple Lake-Lake Property Owners Association Inc reported income of $64k and spending of $131k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $64k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 482%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maple Lake-Lake Property Owners Association Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Blue Cut II Housing Development Fund Company Inc ($64k), L D Thomas House Inc ($64k) and Make It Count Foundation Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% of the total. Compensation of current officers, directors and key employees was $14k (10% of expenses). Other salaries and wages came to $27k. At year end it held assets of $76k against liabilities of $0, net assets of $76k. It reported 8 employees.