Mille Lacs Trails Inc

Analysis

Mille Lacs Trails Inc is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in April 1999, 27 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 December 2023, Mille Lacs Trails Inc reported income of $228k and spending of $227k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $228k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mille Lacs Trails Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Centralina Economic Development Commission Inc ($228k), Do School ($228k) and Community Healthcare Foundation Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $29k. At year end it held assets of $985k against liabilities of $204k, net assets of $781k. It reported 19 employees.