College of the Menominee Nation

Analysis

College of the Menominee Nation is a registered charity in United States, based in Keshena, WI. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, College of the Menominee Nation reported income of $13.9m and spending of $13.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $13.9m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College of the Menominee Nation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Mercycare Service Corporation ($13.9m), The Village at Morrisons Cove ($13.9m) and Centers for New Horizons Inc ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $334k (2.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $20.4m against liabilities of $6.5m, net assets of $13.9m. It reported 145 employees.