Mille Lacs Area Health Foundation Inc

Analysis

Mille Lacs Area Health Foundation Inc is a registered charity in United States, based in Onamia, MN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 September 2023, Mille Lacs Area Health Foundation Inc reported income of $438k and spending of $87k, leaving 80% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $157k to $438k (+179%), an average of +29% a year. The sharpest change came in the year to September 2020, when income rose by 165%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mille Lacs Area Health Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Gestalt Association for Psychotherapy Inc ($438k), Transition House Inc ($438k) and Visiting Nurse Associations of Massachusetts Inc ($438k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.