Minnesota Foundation for Fiscal Excellence

Analysis

Minnesota Foundation for Fiscal Excellence is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Foundation for Fiscal Excellence reported income of $94k and spending of $49k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $88k to $94k (+5.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Foundation for Fiscal Excellence sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Holy Trinity Catholic Schools Educational Foundation ($94k), Ohio Valley Golf Association ($94k) and Roswell Sertoma Club Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $669k against liabilities of $0, net assets of $669k.