Minnehaha Academy

Analysis

Minnehaha Academy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Minnehaha Academy reported income of $25.9m and spending of $28.4m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $50.2m to $25.9m (-48%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnehaha Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Bluefield Univerity ($25.9m), Launchpad Development Company ($25.9m) and Hoyleton Youth and Family Services ($25.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $627k (2.2% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $86.7m against liabilities of $3.0m, net assets of $83.7m. It reported 384 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.