Minnesota Council for Quality Inc

Analysis

Minnesota Council for Quality Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Minnesota Council for Quality Inc reported income of $420k and spending of $416k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $449k to $420k (-6.5%), an average of -1.7% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Council for Quality Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Eden Prairie Community Foundation ($420k), U a Mechanical Trades School Inc ($420k) and Living-Dying Project ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $141k (34% of expenses). Other salaries and wages came to $53k. At year end it held assets of $125k against liabilities of $3,825, net assets of $121k. It reported 3 employees.