Minnesota Association of Financial Aid Administrators

Analysis

Minnesota Association of Financial Aid Administrators is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Minnesota Association of Financial Aid Administrators reported income of $111k and spending of $101k, spending 92% of its income. Across the 4 years on record, from June 2020 to December 2023, income grew from $35k to $111k (+215%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Association of Financial Aid Administrators sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Perry Bullpen ($110k), Margaret Harloe Elementary PTO Inc ($111k) and Lake Zurich Pom Booster Club ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 36% of the total. At year end it held assets of $417k against liabilities of $0, net assets of $417k.