Minnesota Association of Townships

Analysis

Minnesota Association of Townships is a registered charity in United States, based in Saint Michael, MN. It received its IRS tax-exemption ruling in July 1980, 46 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 June 2023, Minnesota Association of Townships reported income of $2.7m and spending of $2.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.7m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Association of Townships sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Recovery Council of Southeast Texas ($2.7m), Villa Comunitaria ($2.7m) and Winona O R C Industries Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $474k (20% of expenses). Other salaries and wages came to $689k. At year end it held assets of $5.6m against liabilities of $578k, net assets of $5.0m. It reported 23 employees.