Ten Mile Lake Association Inc

Analysis

Ten Mile Lake Association Inc is a registered charity in United States, based in Hackensack, MN. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Ten Mile Lake Association Inc reported income of $109k and spending of $77k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $109k (+393%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ten Mile Lake Association Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Corona Serenity Club ($109k), West Geauga Band Boosters ($109k) and Charter 100 Incorporated Orange County ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 9.9% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.