Enterprise Minnesota Inc

Analysis

Enterprise Minnesota Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Enterprise Minnesota Inc reported income of $5.9m and spending of $5.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $5.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Enterprise Minnesota Inc sits at the 93rd percentile: it is larger than about 93% 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 Bridgercare ($5.9m), Community Support Services for the Deaf Inc ($5.9m) and American Association of Gynecological Laparoscopists Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $857k (15% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.9m against liabilities of $1.8m, net assets of $2.2m. It reported 36 employees.