LA Crescent Area Event Center Inc

Analysis

LA Crescent Area Event Center Inc is a registered charity in United States, based in LA Crescent, MN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, LA Crescent Area Event Center Inc reported income of $300k and spending of $485k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $300k (-81%), an average of -34% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Crescent Area Event Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Community Builder Toolbox Inc ($300k), Coatesville 2nd Century Alliance ($301k) and Emq Auxiliary ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 70% of the total. Other salaries and wages came to $167k. At year end it held assets of $3.6m against liabilities of $70k, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.