Minneapolis Jewish Federation

Analysis

Minneapolis Jewish Federation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in March 1943, 83 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Minneapolis Jewish Federation reported income of $39.8m and spending of $40.2m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $7.4m to $39.8m (+438%), an average of +40% a year. The sharpest change came in the year to December 2019, when income rose by 384%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minneapolis Jewish Federation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include We Are Sharing Hope SC ($39.7m), Community Foundation of Greater Chattanooga Inc ($40.0m) and Sir Mortimer B Davis Jewish General Hospital Foundation ($39.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $820k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $196.7m against liabilities of $58.5m, net assets of $138.2m. It reported 50 employees.