Minnesota Stroke Association

Analysis

Minnesota Stroke Association is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Stroke Association reported income of $345k and spending of $511k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $885k to $345k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Stroke Association sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include New York Downtown Hospital Chinese Comm Partnshp for Health FDN Inc ($345k), Equi-Kids Therapeutic Riding Program ($345k) and Yellow House Foundation ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Other salaries and wages came to $352k. At year end it held assets of $612k against liabilities of $47k, net assets of $565k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.