Minnesota Internship Center Charter School

Analysis

Minnesota Internship Center Charter School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2004, 22 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 2024, Minnesota Internship Center Charter School reported income of $5.9m and spending of $5.6m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $6.9m to $5.9m (-16%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Internship Center Charter School sits at the 90th 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 92nd percentile within MN. Charities of a similar size with the same main cause include Baker Demonstration School Inc ($5.9m), Salisbury Christian School Inc ($5.9m) and Greenville Tech Foundation Inc ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $513k (9.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.1m against liabilities of $6.2m, net assets of -$2.1m. It reported 76 employees.