Regents of the University of Minnesota

Analysis

Regents of the University of Minnesota is a registered charity in United States, based in Milaca, MN. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Regents of the University of Minnesota reported income of $154k and spending of $123k, leaving 20% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $94k to $154k (+64%), an average of +64% a year. The sharpest change came in the year to September 2023, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Regents of the University of Minnesota sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include The Center for Recreation Education Arts Technology & Enterprise Inc ($154k), Savage Boys & Girls Club Inc ($154k) and Lake Youth Athletic Association ($154k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.4% and program service revenue 68% of the total. Other salaries and wages came to $1,122. At year end it held assets of $135k against liabilities of $0, net assets of $135k.