Minnesota Firefighter Initiative

Analysis

Minnesota Firefighter Initiative is a registered charity in United States, based in Isanti, MN. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Minnesota Firefighter Initiative reported income of $4.6m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $254k to $4.6m (+1694%), an average of +106% a year. The sharpest change came in the year to June 2022, when income rose by 765%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Firefighter Initiative 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 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include YWCA of Contra Costa Sacramento ($4.6m), Transitions Childrens Services ($4.6m) and Lilyfield Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. At year end it held assets of $998k against liabilities of $437k, net assets of $561k.