Minnewaska Laker Foundation

Analysis

Minnewaska Laker Foundation is a registered charity in United States, based in Glenwood, MN. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Minnewaska Laker Foundation reported income of $2.3m and spending of $42k, leaving 98% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $377k to $2.3m (+516%), an average of +148% a year. The sharpest change came in the year to June 2024, when income rose by 1565%. Over the whole period it spent 3.2% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnewaska Laker Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Smart Start Partnership for Children Inc ($2.3m), Aim High School ($2.3m) and The Lionheart Life Center Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.8m against liabilities of $193k, net assets of $2.6m.