Community Charities of Minnesota

Analysis

Community Charities of Minnesota is a registered charity in United States, based in Mankato, 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 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 July 2023, Community Charities of Minnesota reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.6m to $2.9m (+81%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 204%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Charities of Minnesota sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Jewish Federation of Central Massachusetts Inc ($2.9m), San Antonio Foundation for Excellence in Education Inc ($2.9m) and Emergency Medical Service a Trust ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.0% of the total. Compensation of current officers, directors and key employees was $58k (2.1% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.1m against liabilities of $473k, net assets of $655k. It reported 15 employees.