Microgrants

Analysis

Microgrants is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Microgrants reported income of $1.9m and spending of $2.3m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 110%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Microgrants sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Hutchinson County United Way Inc ($1.9m), United Way of West Tennessee Inc ($1.9m) and Endometriosis Foundation of Americainc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (6.0% of expenses). Other salaries and wages came to $351k. At year end it held assets of $851k against liabilities of $38k, net assets of $814k. It reported 8 employees.