Minnesota Council of Nonprofits Inc

Analysis

Minnesota Council of Nonprofits Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Council of Nonprofits Inc reported income of $3.9m and spending of $3.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.9m (+13%), an average of +3.2% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Council of Nonprofits Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Resource Generation ($3.9m), Seafair Charitable Foundation ($3.9m) and Farrr Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $568k (15% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.7m against liabilities of $617k, net assets of $4.1m. It reported 34 employees.