Minnesota Housing Partnership

Analysis

Minnesota Housing Partnership is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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 September 2023, Minnesota Housing Partnership reported income of $3.1m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.3m to $3.1m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to September 2021, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Housing Partnership sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include San Jose Jazz ($3.1m), Educational Foundation of Alpha Gamma Rho ($3.1m) and Community Energy Project Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $178k (5.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.2m against liabilities of $219k, net assets of $2.0m. It reported 23 employees.