Minnesota American Legion Foundation

Analysis

Minnesota American Legion Foundation is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in October 1994, 32 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 September 2023, Minnesota American Legion Foundation reported income of $684k and spending of $732k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $535k to $684k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota American Legion Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Houston Esperanza ($684k), Downtown Association of Yakima ($684k) and Hylton Point Apartments II Inc ($684k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.9m against liabilities of $2,121, net assets of $1.8m.