Minnewaska Lake Association Inc

Analysis

Minnewaska Lake Association Inc is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in March 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Minnewaska Lake Association Inc reported income of $69k and spending of $79k, spending 115% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $54k to $69k (+26%), an average of +26% a year. The sharpest change came in the year to May 2023, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnewaska Lake Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Leonard & Lillian Bethke Memorial TR Fbo Assumption High School FND ($69k), Miss Night in Venice Pageant Committee a NJ Nonprofit Corporati ($69k) and Spys Community Foundation ($69k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.