Minnesota Social Impact Center

Analysis

Minnesota Social Impact Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Social Impact Center reported income of $312k and spending of $274k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $312k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Social Impact Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Franklin Tomorrow Inc ($312k), Mickey Hammerman Legacy Fund Inc ($312k) and Metropolitan Bridgeport Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $80k (29% of expenses). Other salaries and wages came to $16k. At year end it held assets of $210k against liabilities of $155k, net assets of $55k. It reported 5 employees.