Glen Lake Might-Mites Inc

Analysis

Glen Lake Might-Mites Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Glen Lake Might-Mites Inc reported income of $91k and spending of $77k, spending 84% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $115k to $91k (-21%), an average of -21% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Glen Lake Might-Mites 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 34th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Alice B Landrum Middle School PTO Inc ($91k), Parent Booster USA Inc ($91k) and WWC Inc ($91k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.