Minnesota Rural Water Association

Analysis

Minnesota Rural Water Association is a registered charity in United States, based in Elbow Lake, MN. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Rural Water Association reported income of $4.2m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 18%. 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 Rural Water Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Hill Country Community Needs Council ($4.2m), Merrie Woode Foundation Inc ($4.2m) and Opportunity House Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $257k (6.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.7m against liabilities of $503k, net assets of $3.2m. It reported 28 employees.