Johnson Memorial Foundation

Analysis

Johnson Memorial Foundation is a registered charity in United States, based in Dawson, MN. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Johnson Memorial Foundation reported income of $132k and spending of $326k, spending 247% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $184k to $132k (-28%), an average of -28% a year. The sharpest change came in the year to September 2023, when income dropped by 28%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Johnson Memorial Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Holmes County Economic Development Council Inc ($132k), E Ola Mau Na Leo O Kekaha ($132k) and Durham C a N-Congregations Associations and Neighborhoods ($132k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $275k against liabilities of $0, net assets of $275k.