Minnesota Council on Foundations

Analysis

Minnesota Council on Foundations is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 1978, 48 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 December 2023, Minnesota Council on Foundations reported income of $3.0m and spending of $1.8m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Council on Foundations sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Arizona Center for the Blind and Visually Impaired ($3.0m), Omaha Christian Academy ($3.0m) and Maryland Network Against Domestic Violence Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $189k (10% of expenses). Other salaries and wages came to $727k. At year end it held assets of $3.1m against liabilities of $253k, net assets of $2.8m. It reported 11 employees.