Lakes Area Recreation Association Inc

Analysis

Lakes Area Recreation Association Inc is a registered charity in United States, based in Lindstrom, MN. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Lakes Area Recreation Association Inc reported income of $313k and spending of $284k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $119k to $313k (+163%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 178%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lakes Area Recreation Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Friends of Winnataska Inc ($313k), Mulberry International ($313k) and Lilys Pad ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $419k against liabilities of $0, net assets of $419k. It reported 7 employees.