Minnesota Family Institute

Analysis

Minnesota Family Institute is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1984, 42 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 September 2023, Minnesota Family Institute reported income of $1.5m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.5m (+40%), an average of +8.9% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Family Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Dr Susan Love Research Foundation ($1.5m), Jin-A Child Care Center Inc ($1.5m) and Sauk Valley College Foundation ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 104% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $92k (5.6% of expenses). Other salaries and wages came to $691k. At year end it held assets of $547k against liabilities of $518k, net assets of $29k.