Greater White Bear Lake Community Foundation

Analysis

Greater White Bear Lake Community Foundation is a registered charity in United States, based in White Bear LK, MN. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Greater White Bear Lake Community Foundation reported income of $491k and spending of $457k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $491k (-84%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater White Bear Lake Community Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Orlando Union Rescue Mission Foundation Inc ($491k), Cranberry Foundation ($491k) and Chiselers Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $23k (5.1% of expenses). At year end it held assets of $4.6m against liabilities of $210k, net assets of $4.4m.