Care Providers of Minnesota Foundation Inc

Analysis

Care Providers of Minnesota Foundation Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Care Providers of Minnesota Foundation Inc reported income of $134k and spending of $114k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $134k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Care Providers of Minnesota Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Virginia Peninsula Chamber Foundation Inc ($134k), Kiwanis Clubs Building Corporation ($134k) and Dharma Seed Tape Library Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 22% of the total. At year end it held assets of $531k against liabilities of $333, net assets of $531k.