Minnesota State Auctioneers Foundation

Analysis

Minnesota State Auctioneers Foundation is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in April 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Minnesota State Auctioneers Foundation reported income of $75k and spending of $66k, spending 88% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $57k to $75k (+32%), an average of +32% a year. The sharpest change came in the year to February 2024, when income rose by 32%. Over the whole period it spent 136% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota State Auctioneers Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within OK. Charities of a similar size with the same main cause include Derek Teele Foundation Inc ($75k), American Friends of Alin Beit Noam Inc ($75k) and Smilin Rylen Foundation ($75k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 57% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.