Leech Lake Financial Services Inc

Analysis

Leech Lake Financial Services Inc is a registered charity in United States, based in Cass Lake, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leech Lake Financial Services Inc reported income of $789k and spending of $878k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $789k (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leech Lake Financial Services Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Moorestown Community House Inc ($789k), Angier After School Care Program Inc ($789k) and Volunteer Attorneys for Rural Nevadans ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Other salaries and wages came to $384k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $587k. It reported 6 employees.