826 MSP

Analysis

826 MSP is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2010, 16 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 June 2023, 826 MSP reported income of $450k and spending of $567k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $395k to $450k (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 826 MSP sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Upward Project ($450k), Gordon a Rich Memorial Foundation ($450k) and Arts & Sciences Center ($450k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $41k (7.3% of expenses). Other salaries and wages came to $312k. At year end it held assets of $149k against liabilities of $6,484, net assets of $142k. It reported 8 employees.