Minnetonka Diamond Club

Analysis

Minnetonka Diamond Club is a registered charity in United States, based in Excelsior, MN. It received its IRS tax-exemption ruling in May 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 December 2023, Minnetonka Diamond Club reported income of $276k and spending of $35k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $276k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnetonka Diamond Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Shreeji International Educational Organization Inc ($276k), Central Insurance Companies Educational and Charitable ($276k) and Berkner High School Booster Club Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 73% of the total. At year end it held assets of $601k against liabilities of $2,415, net assets of $598k.