Minnesota Counties Foundation Inc

Analysis

Minnesota Counties Foundation Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Minnesota Counties Foundation Inc reported income of $418k and spending of $421k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $529k to $418k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Counties Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Marydell Faith and Life Center Inc ($418k), National Association of Nephrology Technologists ($418k) and Aiken Technical College Foundation Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.7m against liabilities of $27k, net assets of $1.7m.