Minnesota Medication Repository Program

Analysis

Minnesota Medication Repository Program is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2021, 5 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 Medication Repository Program reported income of $1.6m and spending of $948k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $47k to $1.6m (+3365%), an average of +226% a year. The sharpest change came in the year to December 2021, when income rose by 1106%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Medication Repository Program sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Cancer Support Community Central Ohio ($1.6m), Acruxkc ($1.6m) and Unicoi County Emergency Medical Services ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $141k (15% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.2m against liabilities of $231k, net assets of $969k. It reported 2 employees.