Womans Club of Minneapolis

Analysis

Womans Club of Minneapolis is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1949, 77 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Womans Club of Minneapolis reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $2.2m to $3.3m (+48%), an average of +8.2% a year. The sharpest change came in the year to April 2022, when income rose by 231%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Womans Club of Minneapolis sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Imperial County Work Training Center Incorporated ($3.3m), Mass Mentoring Partnership Inc ($3.3m) and National Association of Workforce Boards ($3.3m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $333k (10% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.8m against liabilities of $562k, net assets of $4.2m. It reported 71 employees.