Minnesota Nurses Assoc Foundation in Honor of Katherine D Dreves

Analysis

Minnesota Nurses Assoc Foundation in Honor of Katherine D Dreves is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in June 1982, 44 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 December 2023, Minnesota Nurses Assoc Foundation in Honor of Katherine D Dreves reported income of $173k and spending of $106k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $173k (-6.4%), an average of -1.6% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Nurses Assoc Foundation in Honor of Katherine D Dreves sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Shore Line Interurban Historical Society ($173k), Crispus Attucks Fund Inc ($173k) and Notre Dame Wrestling Club Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $735k against liabilities of $0, net assets of $735k.