Park Nicollet Foundation

Analysis

Park Nicollet Foundation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in February 1974, 52 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 December 2023, Park Nicollet Foundation reported income of $10.6m and spending of $2.6m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.9m to $10.6m (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Nicollet Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Grace Centers of Hope ($10.6m), Asi ($10.6m) and Wichita Falls Retirement Foundation ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $80.5m against liabilities of $5.3m, net assets of $75.2m.