Social Venture Partners MN

Analysis

Social Venture Partners MN is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2011, 15 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 December 2023, Social Venture Partners MN reported income of $331k and spending of $376k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $331k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Venture Partners MN sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include New Beginnings Are Possible Inc ($331k), United Way of Carlton and Pine County Area ($331k) and Lowell Sun Charities Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $129k (34% of expenses). At year end it held assets of $122k against liabilities of $1,233, net assets of $121k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.