Minerva Education Foundation and Alumni Association

Analysis

Minerva Education Foundation and Alumni Association is a registered charity in United States, based in Minerva, OH. It received its IRS tax-exemption ruling in December 2002, 24 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, Minerva Education Foundation and Alumni Association reported income of $76k and spending of $99k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $76k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2022, when income rose by 522%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minerva Education Foundation and Alumni Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Leaven Inc ($76k), Workshop on Information Technologies and Systems Inc ($76k) and Thomasville Genealogical History & Fine Arts Library Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.