Lake Superior Center

Analysis

Lake Superior Center is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Lake Superior Center reported income of $3.7m and spending of $3.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lake Superior Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Chesapeake Audubon Society ($3.7m), Saratoga P L a N Inc ($3.7m) and The Trail Conservancy ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $248k (6.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $941k. It reported 102 employees.