Friends School of Minnesota

Analysis

Friends School of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends School of Minnesota reported income of $2.9m and spending of $3.1m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $2.9m (+24%), an average of +7.4% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends School of Minnesota sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Traininggroundsinc ($2.9m), Associated Students California State University Dominguez Hills ($2.9m) and Pedagogy International Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $163k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.0m against liabilities of $2.6m, net assets of $3.4m. It reported 60 employees.