Minnetonka Public Schools Foundation

Analysis

Minnetonka Public Schools Foundation is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in February 1987, 39 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 2024, Minnetonka Public Schools Foundation reported income of $370k and spending of $388k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $267k to $370k (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnetonka Public Schools Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Fiat Lux Foundation ($370k), Avatar Meher Baba Center of Southern California ($370k) and Community Transportation Agency Inc ($370k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.7m against liabilities of $42k, net assets of $1.7m. It reported 2 employees.