Mineral Lake Lions Foundation

Analysis

Mineral Lake Lions Foundation is a registered charity in United States, based in Mineral, WA. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mineral Lake Lions Foundation reported income of $282k and spending of $157k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $282k (+119%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mineral Lake Lions Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Wheat Quality Council ($281k), Homeless Veterans Services of Dallas Inc ($282k) and Arkansas Roadhogs Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $135k against liabilities of $22k, net assets of $113k.