Duluth Lions Club Foundation

Analysis

Duluth Lions Club Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2024, Duluth Lions Club Foundation reported income of $61k and spending of $41k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $61k (-5.8%), an average of -5.8% a year. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Duluth Lions Club Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include GHS Friends of Glastonbury Baseball Inc ($61k), James D Kinsey Jr Memorial Fund Inc ($61k) and Solon Benevolent Fund Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 32% of the total. At year end it held assets of $104k against liabilities of $14k, net assets of $90k.