Danebo Inc

Analysis

Danebo Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1941, 85 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, Danebo Inc reported income of $209k and spending of $210k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $189k to $209k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danebo Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Catholic Volunteer Network ($209k), Wildlife Inc ($209k) and Little League Baseball Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 63% of the total. At year end it held assets of $3.6m against liabilities of $6,529, net assets of $3.6m.

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.