Minnesota Teen Challenge Inc

Analysis

Minnesota Teen Challenge Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Minnesota Teen Challenge Inc reported income of $76.6m and spending of $58.2m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57.5m to $76.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Teen Challenge Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Hills & Dales General Hospital Inc ($76.6m), Phoebe Putney Health Systems Inc ($76.7m) and Montefiore Medicine Academic Health Self Insurance Trist ($76.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $598k (1.0% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $144.5m against liabilities of $8.9m, net assets of $135.5m. It reported 1,024 employees.