Minnesota Credit Union Foundation Inc

Analysis

Minnesota Credit Union Foundation Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2007, 19 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, Minnesota Credit Union Foundation Inc reported income of $462k and spending of $261k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $462k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Credit Union Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Wyoming County United Way Inc ($462k), Nebo Education Foundation ($463k) and Graham Rahal Foundation Inc ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.