Volunteer Services of Carlton County Inc

Analysis

Volunteer Services of Carlton County Inc is a registered charity in United States, based in Carlton, MN. It received its IRS tax-exemption ruling in November 1988, 38 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, Volunteer Services of Carlton County Inc reported income of $753k and spending of $985k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $753k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Services of Carlton County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Taylorsville Community Church ($752k), Lutheran Home at Trinity Oaks Property Inc ($753k) and Rural Parish Clinic of the Archdiocese of St Louis ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $119k (12% of expenses). Other salaries and wages came to $450k. At year end it held assets of $3.5m against liabilities of $2.1m, net assets of $1.3m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.