Minnesota News Media Institute Inc

Analysis

Minnesota News Media Institute Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2011, 15 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 News Media Institute Inc reported income of $178k and spending of $134k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $186k to $178k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota News Media Institute Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include University of Mary Hardin-Baylor Foundation ($178k), Oak Hill High School Alumni Association Inc ($178k) and Empresa Performing Arts Foundation ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 5.9% of the total. At year end it held assets of $1.5m against liabilities of $80k, net assets of $1.5m.