Takeaction Minnesota Education Fund

Analysis

Takeaction Minnesota Education Fund is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in December 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, Takeaction Minnesota Education Fund reported income of $4.1m and spending of $8.4m, spending 202% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 901%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Takeaction Minnesota Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include First Call Alcohol Drug Prevention & Recovery ($4.1m), Southern Maine Planning and Development Commission ($4.1m) and Lourdes Assisted Living Corporation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. At year end it held assets of $20.3m against liabilities of $19.9m, net assets of $365k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.