Minne

Analysis

Minne is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 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 December 2023, Minne reported income of $182k and spending of $258k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $182k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minne sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Heritage Public Library ($182k), Entrepreneurs Organization ($182k) and Seaside Scholarships Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $108k (42% of expenses). At year end it held assets of $310k against liabilities of $64k, net assets of $247k. It reported 2 employees.