Big Brothers Big Sisters of Southern Minnesota

Analysis

Big Brothers Big Sisters of Southern Minnesota is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Big Brothers Big Sisters of Southern Minnesota reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $972k to $1.4m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Big Brothers Big Sisters of Southern Minnesota sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Ability 1st Utah ($1.4m), Quick Start Day Care Center Inc ($1.4m) and Warm Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $116k (8.5% of expenses). Other salaries and wages came to $839k. At year end it held assets of $3.0m against liabilities of $339k, net assets of $2.6m. It reported 20 employees.