Minnesota West Foundation

Analysis

Minnesota West Foundation is a registered charity in United States, based in Canby, MN. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, Minnesota West Foundation reported income of $646k and spending of $532k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $571k to $646k (+13%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota West Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Redwood Memorial Foundation ($646k), Hornet Age Group Swim Club ($646k) and Access Mode Inc ($646k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.4m against liabilities of $22k, net assets of $1.4m.