Big Brothers-Big Sisters of Central Minnesota Inc

Analysis

Big Brothers-Big Sisters of Central Minnesota Inc is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Big Brothers-Big Sisters of Central Minnesota Inc reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.3m (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers-Big Sisters of Central Minnesota Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Rocky Mountain Field Institute Inc ($1.3m), Iowa Motor Carriers Foundation ($1.3m) and United Way of the Southern Alleghenies ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $127k (8.9% of expenses). Other salaries and wages came to $802k. At year end it held assets of $4.4m against liabilities of $234k, net assets of $4.2m. It reported 19 employees.