Mille Lacs Drift Skippers

Analysis

Mille Lacs Drift Skippers is a registered charity in United States, based in Isle, MN. It received its IRS tax-exemption ruling in December 1994, 32 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, Mille Lacs Drift Skippers reported income of $309k and spending of $375k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $309k (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mille Lacs Drift Skippers sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include The Larry Payne Foundation ($309k), Ontario County Historical Society ($309k) and Hillel the Foundation for Jewish Campus Life ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $84k (22% of expenses). Other salaries and wages came to $42k. At year end it held assets of $1.0m against liabilities of $280k, net assets of $767k. It reported 27 employees.