The Minneapolis Community and Technical College Foundation Inc

Analysis

The Minneapolis Community and Technical College Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Minneapolis Community and Technical College Foundation Inc reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $795k to $1.0m (+29%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Minneapolis Community and Technical College Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Veritas Ministries Inc ($1.0m), The University of Virginia Frank Batten School of Leadership and ($1.0m) and Ums-Wright Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $7.6m against liabilities of $2,155, net assets of $7.6m.