Medical Research
(H12)
IRS Verified
DX Registered
990 on File
MILLE LACS AREA HEALTH FOUNDATION INC
Financial strength (30%)
85/100
Reliability (20%)
50/100
Effectiveness (25%)
68/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$552K
Total Revenue
$43K
Total Expenses
$728K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
67.6%
Fundraising Efficiency
0.0%
Operating Reserve
204.64x
Liability-to-Asset
0.0%
Revenue Diversification
95.9%
Compared with Peers
FY 2024
Compared with 782 similar organizations
(United States, Medical Research, under $100K in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
67.6% | 78.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
32.4% | 12.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 42.5% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
204.6 mo | 38.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.9% | 100.0% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
26.1% | -0.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-50.8% | -6.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
92.3% | 15.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $552K | $43K | $728K | 67.6% | 0 |
| 2023 | $438K | $87K | $678K | 68.2% | 0 |
| 2022 | $455K | $30K | $2.2M | 48.5% | 0 |
| 2021 | $1.7M | $31K | N/A | — | 0 |
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