Minnesota Council for the Gifted and Talented

Analysis

Minnesota Council for the Gifted and Talented is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in January 1958, 68 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Minnesota Council for the Gifted and Talented reported income of $51k and spending of $43k, spending 83% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $46k to $51k (+13%), an average of +13% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Council for the Gifted and Talented 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 Bismarck Emergency Food Pantry Inc ($51k), Santa Clara Valley Quilt Association ($51k) and Sterling-Rock Falls Historical Society ($51k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 22% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.