Mounds View Schools Education Foundation

Analysis

Mounds View Schools Education Foundation is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in September 1988, 38 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, Mounds View Schools Education Foundation reported income of $172k and spending of $179k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $165k to $172k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mounds View Schools Education Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Friends of Jerusalem Mill Inc ($172k), Shelby Youth Sports Inc ($172k) and Tivy Athletic Booster Club ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $36k (20% of expenses). Other salaries and wages came to $23k. At year end it held assets of $1.4m against liabilities of $861k, net assets of $503k.