Mille Lacs Energy Community Trust

Analysis

Mille Lacs Energy Community Trust is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Energy Community Trust reported income of $81k and spending of $68k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $81k (+2.3%), an average of +2.3% a year. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mille Lacs Energy Community Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Eagles Mere-Laporte Lions Foundation ($81k), St Pauls Foundation ($81k) and Grant Victor Cares ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.