Education Minnesota Foundation for Excellence in Teaching & Learning

Analysis

Education Minnesota Foundation for Excellence in Teaching & Learning is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 1993, 33 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 August 2023, Education Minnesota Foundation for Excellence in Teaching & Learning reported income of $508k and spending of $712k, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $441k to $508k (+15%), an average of +3.6% a year. The sharpest change came in the year to August 2021, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Education Minnesota Foundation for Excellence in Teaching & Learning sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Jodi House Inc ($508k), Legatum Foundation ($508k) and The Learning Center House of Connections ($508k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $173k (24% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.9m against liabilities of $47k, net assets of $1.8m.