Alano Society of Mankato Inc

Analysis

Alano Society of Mankato Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Alano Society of Mankato Inc reported income of $51k and spending of $26k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $54k to $51k (-5.6%), an average of -5.6% a year. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alano Society of Mankato Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Wayland Union Education Enrichment Foundation ($51k), Friends of Florence County Library Inc ($51k) and Volunteers of America Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.