League of Women Voters of Minnesota Education Fund Inc

Analysis

League of Women Voters of Minnesota Education Fund Inc is a registered charity in United States, based in New Hope, MN. It received its IRS tax-exemption ruling in April 1984, 42 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 March 2023, League of Women Voters of Minnesota Education Fund Inc reported income of $492k and spending of $713k, spending 145% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $517k to $492k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to March 2021, when income dropped by 23%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, League of Women Voters of Minnesota Education Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Development Foundation of the North Carolina Center for the Advancemen ($492k), Philadelphia Senior Center ($493k) and Common Sense for Oregon Foundation ($492k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 83% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $110k (15% of expenses). Other salaries and wages came to $221k. At year end it held assets of $1.3m against liabilities of $52k, net assets of $1.2m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.