Minnesota Technology Foundation

Analysis

Minnesota Technology Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Minnesota Technology Foundation reported income of $304k and spending of $284k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $376k to $304k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 378%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Technology Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Child Care Options Inc ($304k), Metropolitan Housing Development Corporation ($304k) and St Andrews United Methodist Church Foundation ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. At year end it held assets of $478k against liabilities of $279k, net assets of $198k.