Hale Page Diamond Lake Community Association

Analysis

Hale Page Diamond Lake Community Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, Hale Page Diamond Lake Community Association reported income of $52k and spending of $63k, spending 121% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $107k to $52k (-51%), an average of -51% a year. The sharpest change came in the year to May 2024, when income dropped by 51%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hale Page Diamond Lake Community Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Beverly Farms Improvement Society Inc ($52k), Derby Community Association Incorporated ($52k) and Celebration of a City Inc ($52k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.