Project New Hope of Minnesota Lions Foundation Inc

Analysis

Project New Hope of Minnesota Lions Foundation Inc is a registered charity in United States, based in Underwood, MN. It received its IRS tax-exemption ruling in December 2013, 13 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 (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, Project New Hope of Minnesota Lions Foundation Inc reported income of $201k and spending of $59k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $201k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 1671%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project New Hope of Minnesota Lions Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Delco Group Charities Fund ($201k), Jan-Kay Ranch Inc ($201k) and Anthony F@cordeiro Charitable Foundation Incorporated ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.