Minnesota Statewide Limited Energy Apprenticeship & Training TR Fund

Analysis

Minnesota Statewide Limited Energy Apprenticeship & Training TR Fund is a registered charity in United States, based in Fridley, MN. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Minnesota Statewide Limited Energy Apprenticeship & Training TR Fund reported income of $1.6m and spending of $1.1m, leaving 30% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.1m to $1.6m (+48%), an average of +10% a year. The sharpest change came in the year to April 2022, when income rose by 63%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Statewide Limited Energy Apprenticeship & Training TR Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Entrepreneurs Organization ($1.6m), Latino U College Access ($1.6m) and Pi Kappa Phi Foundation ($1.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $553k. At year end it held assets of $1.9m against liabilities of $243k, net assets of $1.7m. It reported 8 employees.