Minnesota Computers for Schools

Analysis

Minnesota Computers for Schools is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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, Minnesota Computers for Schools reported income of $1.7m and spending of $2.1m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Computers for Schools sits at the 81st 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 84th percentile within MN. Charities of a similar size with the same main cause include Libraries Without Borders ($1.7m), Temple Academy ($1.7m) and Urban Preparatory Academy ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $180k (8.7% of expenses). Other salaries and wages came to $856k. It paid $91k in professional fundraising fees. At year end it held assets of $908k against liabilities of $1.4m, net assets of -$486k. It reported 25 employees.