Minnesota State University Moorhead Foundation Inc

Analysis

Minnesota State University Moorhead Foundation Inc is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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 June 2024, Minnesota State University Moorhead Foundation Inc reported income of $6.2m and spending of $4.8m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $9.7m to $6.2m (-36%), an average of -8.7% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota State University Moorhead Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include City Colleges of Chicago Foundation ($6.2m), Bear Creek Services Inc ($6.2m) and South County Outreach ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $64.3m against liabilities of $4.8m, net assets of $59.5m. It reported 16 employees.