Benedictine Foundation

Analysis

Benedictine Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Benedictine Foundation reported income of $5.7m and spending of $2.7m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.7m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benedictine Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Walden School ($5.7m), Wisconsin Communty Action Program Association Incorporated ($5.7m) and St Joseph Community Services Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.3% of the total. At year end it held assets of $18.7m against liabilities of $70k, net assets of $18.6m.