Ritecare of Minneapolis-St Paul Inc

Analysis

Ritecare of Minneapolis-St Paul Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ritecare of Minneapolis-St Paul Inc reported income of $217k and spending of $176k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $173k to $217k (+25%), an average of +4.6% a year. The sharpest change came in the year to June 2020, when income rose by 176%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ritecare of Minneapolis-St Paul Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Mote ($217k), Corona Del Sol Band Boosters Inc ($217k) and Outriders of the Fort Worth Herd ($217k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $786k against liabilities of $24k, net assets of $763k.