Minneapolis Parks Foundation

Analysis

Minneapolis Parks Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Minneapolis Parks Foundation reported income of $12.8m and spending of $1.7m, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $12.8m (+257%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 952%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minneapolis Parks Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Track Town USA Inc ($12.8m), Big Sky Conference Inc ($12.8m) and Usta Player Development Incorporated ($12.7m).

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 $155k (8.8% of expenses). Other salaries and wages came to $522k. It paid $37k in professional fundraising fees. At year end it held assets of $13.8m against liabilities of $10.0m, net assets of $3.8m. It reported 11 employees.