Mesabi Range College Foundation

Analysis

Mesabi Range College Foundation is a registered charity in United States, based in Virginia, MN. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 April 2024, Mesabi Range College Foundation reported income of $145k and spending of $149k, spending 102% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $128k to $145k (+14%), an average of +2.7% a year. The sharpest change came in the year to April 2021, when income rose by 114%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mesabi Range College Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include We Ministries ($145k), MIT Club of Northern California ($145k) and Friends of the Bloomfield Township Public Library ($145k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.