Nami Minnesota

Analysis

Nami Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 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, Nami Minnesota reported income of $3.2m and spending of $2.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Minnesota sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Top Ladies of Distinction Inc ($3.2m), Big Brothers and Big Sisters of Metropolitan Milwaukee Inc ($3.2m) and Greater Hartford Arts Council Incorporated ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $130k (4.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.4m against liabilities of $875k, net assets of $2.5m. It reported 53 employees.