Minnesota Foundation for Agriculture

Analysis

Minnesota Foundation for Agriculture is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Minnesota Foundation for Agriculture reported income of $215k and spending of $324k, spending 151% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $280k to $215k (-23%), an average of -6.5% a year. The sharpest change came in the year to September 2021, when income rose by 138%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Foundation for Agriculture sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Tulsa Vo-Tech Education Foundation Inc ($215k), Freeport Conservation Trust ($215k) and Meal on Wheels Industry Inc ($215k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $478k against liabilities of $29k, net assets of $449k.