Minnesota Adoption Resource Network

Analysis

Minnesota Adoption Resource Network is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 1980, 46 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, Minnesota Adoption Resource Network reported income of $3.2m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.2m (+143%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Adoption Resource Network 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 Big Brothers Big Sisters of Coastal & Northern New Jersey Inc ($3.2m), Lee Academy ($3.2m) and Texas Academy 4 ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $105k (3.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $501k against liabilities of $261k, net assets of $240k. It reported 29 employees.