Mahtomedi Area Educational Foundation

Analysis

Mahtomedi Area Educational Foundation is a registered charity in United States, based in Mahtomedi, MN. It received its IRS tax-exemption ruling in September 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mahtomedi Area Educational Foundation reported income of $564k and spending of $406k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $428k to $564k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahtomedi Area Educational Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Sheaffer Memorial Golf Park ($563k), Partners in Christ ($564k) and American Association of Avalanche Professionals ($563k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $35k. At year end it held assets of $2.3m against liabilities of $75k, net assets of $2.2m. It reported 4 employees.