Devils Lake Area Foundation

Analysis

Devils Lake Area Foundation is a registered charity in United States, based in Devils Lake, ND. It received its IRS tax-exemption ruling in February 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Devils Lake Area Foundation reported income of $328k and spending of $238k, leaving 27% of income unspent that year. Across the 4 years on record, from November 2019 to November 2023, income fell from $497k to $328k (-34%), an average of -13% a year. The sharpest change came in the year to November 2022, when income dropped by 30%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Devils Lake Area Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ND. Charities of a similar size with the same main cause include Norman C Tanner and Barbara L Tanner Charitable Support TR ($328k), Friends of Dangberg Home Ranch ($328k) and Phoenixville Community Education ($328k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $10.0m against liabilities of $2.9m, net assets of $7.0m.