The Edina Community Foundation

Analysis

The Edina Community Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in March 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 June 2023, The Edina Community Foundation reported income of $774k and spending of $667k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $611k to $774k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Edina Community Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Movability Inc ($773k), Abington Community Library Assn ($774k) and Leadership Center of Arlington ($773k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $51k (7.6% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.1m against liabilities of $17k, net assets of $1.1m. It reported 6 employees.