Minnesota Head Start Association Inc

Analysis

Minnesota Head Start Association Inc is a registered charity in United States, based in Sauk Rapids, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Minnesota Head Start Association Inc reported income of $436k and spending of $413k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $378k to $436k (+15%), an average of +3.6% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Head Start Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include The Place for Learning Inc ($436k), Southeastern Wisconsin Information Technology Exchange Inc ($436k) and Somerset County Federated Library System Inc ($435k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $159k (38% of expenses). At year end it held assets of $398k against liabilities of $27, net assets of $398k.