Leadingage Minnesota Foundation

Analysis

Leadingage Minnesota Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leadingage Minnesota Foundation reported income of $5.7m and spending of $1.8m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.7m (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leadingage Minnesota Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Badger Prairie Needs Network Inc ($5.7m), Golden Gate Development Corporation ($5.7m) and A Better Way of Living Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $233k. At year end it held assets of $8.0m against liabilities of $128k, net assets of $7.9m.