Epilepsy Foundation of Minnesota Inc

Analysis

Epilepsy Foundation of Minnesota Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in August 1962, 64 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Epilepsy Foundation of Minnesota Inc reported income of $2.1m and spending of $3.0m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.1m (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income rose by 315%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Epilepsy Foundation of Minnesota Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Augusta Regional Free Clinic Inc ($2.1m), Peacock Acres Inc ($2.1m) and Employers Health Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 185% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $748k (25% of expenses). Other salaries and wages came to $901k. At year end it held assets of $8.5m against liabilities of $805k, net assets of $7.7m. It reported 50 employees.