M State Foundation and Alumni

Analysis

M State Foundation and Alumni is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, M State Foundation and Alumni reported income of $468k and spending of $454k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $520k to $468k (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M State Foundation and Alumni sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include E W Rutledge TR Uw Item 10 ($468k), Broadway Emergency Squad Inc ($468k) and Habitat for Humanity International Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $132k. At year end it held assets of $1.0m against liabilities of $650, net assets of $1.0m.