Minnesota Association for the Education of Young Children

Analysis

Minnesota Association for the Education of Young Children is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minnesota Association for the Education of Young Children reported income of $112k and spending of $152k, spending 136% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $491k to $112k (-77%), an average of -39% a year. The sharpest change came in the year to June 2022, when income dropped by 75%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Association for the Education of Young Children sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Penns Valley Education Foundation ($112k), Dewitt Prime Time Inc C/O Prime Time Preschool ($112k) and Bentonville FC Prodigy Inc ($112k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 66% of the total. At year end it held assets of $12k against liabilities of $26k, net assets of -$14k.