Minneapolis Radiology Vascular Research Foundation

Analysis

Minneapolis Radiology Vascular Research Foundation is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 April 2023, Minneapolis Radiology Vascular Research Foundation reported income of $444k and spending of $496k, spending 112% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $407k to $444k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to April 2022, when income rose by 2568%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minneapolis Radiology Vascular Research Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Pregnancy Resource Center of Santa Cruz County ($443k), William Newton Healthcarefoundation Inc ($444k) and Arlington Retirement Housing Corporation Inc ($443k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $35k (7.0% of expenses). Other salaries and wages came to $48k. At year end it held assets of $409k against liabilities of $0, net assets of $409k.