Womens Foundation of Minnesota

Analysis

Womens Foundation of Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 March 2024, Womens Foundation of Minnesota reported income of $7.7m and spending of $8.7m, spending 114% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $5.2m to $7.7m (+49%), an average of +10% a year. The sharpest change came in the year to March 2023, when income rose by 138%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Womens Foundation of Minnesota sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include West Bend Community Foundation Inc ($7.7m), United Way of Coastal and Western Connecticut Inc ($7.7m) and Voluntary Action Center of Northern Illinois ($7.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $513k (5.9% of expenses). Other salaries and wages came to $1.8m. It paid $76k in professional fundraising fees. At year end it held assets of $37.7m against liabilities of $463k, net assets of $37.2m. It reported 29 employees.