National Federation of the Blind of Minnesota Inc

Analysis

National Federation of the Blind of Minnesota Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1943, 83 years ago. 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, National Federation of the Blind of Minnesota Inc reported income of $51k and spending of $130k, spending 253% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $51k (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 77%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Federation of the Blind of Minnesota Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include PTA Texas Congress ($51k), Alameda Chamber Foundation ($51k) and Good Samaritan Hospital Auxiliary ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $498k against liabilities of $0, net assets of $498k.

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.