Minndependent

Analysis

Minndependent is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minndependent reported income of $813k and spending of $682k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $547k to $813k (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minndependent sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Hazel Park Promise Zone Authority ($813k), Annoor Islamic School ($813k) and You and Me Academy ($813k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $166k (24% of expenses). Other salaries and wages came to $103k. At year end it held assets of $724k against liabilities of $60k, net assets of $664k. It reported 4 employees.