Minot Area Community Foundation

Analysis

Minot Area Community Foundation is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Minot Area Community Foundation reported income of $50k and spending of $585, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $50k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 4.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minot Area Community Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 12th percentile within ND. Charities of a similar size with the same main cause include Zachary Charity League ($50k), Dana College Foundation Inc ($50k) and Daisy Dash ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $335k against liabilities of $0, net assets of $335k.