Intercultural Mutual Assistance Association of Se Minnesota Inc

Analysis

Intercultural Mutual Assistance Association of Se Minnesota Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Intercultural Mutual Assistance Association of Se Minnesota Inc reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Intercultural Mutual Assistance Association of Se Minnesota Inc sits at the 87th percentile: it is larger than about 87% 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 Center for Children and Families Inc ($3.1m), A Coming of Age to Adulthood Inc ($3.1m) and Stockton Congregational Homes Plymouth Square ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $150k (5.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.5m against liabilities of $164k, net assets of $3.4m. It reported 37 employees.