Cullen Lakes Assn

Analysis

Cullen Lakes Assn is a registered charity in United States, based in Nisswa, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Cullen Lakes Assn reported income of $58k and spending of $19k, leaving 68% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $56k to $58k (+4.1%), an average of +4.1% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cullen Lakes Assn sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Goochland County Historical Society ($58k), Virginia Congress of Parents and Teachers ($58k) and PTA New Jersey Congress of Parents & Teachers ($58k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.