Minnesota Academy of Family Physicians Foundation

Analysis

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

In the financial year ending June 2023, Minnesota Academy of Family Physicians Foundation reported income of $6.2m and spending of $1.1m, leaving 82% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $124k to $6.2m (+4860%), an average of +4860% a year. The sharpest change came in the year to June 2023, when income rose by 4860%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Academy of Family Physicians Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include California State University Bakersfield Foundation ($6.2m), Capital Preparatory Schools Incorporated ($6.2m) and North Hills Christian School Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $50k (4.4% of expenses). It paid $26k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $219k, net assets of $5.3m.