Minnesota Chamber Foundation

Analysis

Minnesota Chamber Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 September 2023, Minnesota Chamber Foundation reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Chamber Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Drumthwacket Foundation Inc ($1.2m), Kids to Kids ($1.2m) and Youth for Christ USA Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $195k (18% of expenses). Other salaries and wages came to $186k. At year end it held assets of $971k against liabilities of $233k, net assets of $738k. It reported 3 employees.