Rural Minnesota Cep Inc

Analysis

Rural Minnesota Cep Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Rural Minnesota Cep Inc reported income of $10.5m and spending of $10.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.2m to $10.5m (-5.8%), an average of -1.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Minnesota Cep Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Rockland Paradmedic Services Inc ($10.5m), Crosspurpose ($10.6m) and The Storehouse of Collin County ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $315k (3.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $3.4m against liabilities of $2.0m, net assets of $1.4m. It reported 353 employees.