Duluth 1200 Fund Inc

Analysis

Duluth 1200 Fund Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Duluth 1200 Fund Inc reported income of $134k and spending of $418k, spending 312% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $134k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 5956%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Duluth 1200 Fund Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($134k), New Day Church of Florida Inc ($134k) and International Psycho-Oncology Society Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 28% of the total. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.8m.