Recycling Association of Minnesota

Analysis

Recycling Association of Minnesota is a registered charity in United States, based in Fridley, MN. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Recycling Association of Minnesota reported income of $431k and spending of $470k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $431k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 110% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Recycling Association of Minnesota sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include WSBZ Farms ($430k), Downtown Austin Development Corporation ($431k) and Humboldt Botanical Gardens Foundation ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $79k (17% of expenses). Other salaries and wages came to $22k. At year end it held assets of $93k against liabilities of $46k, net assets of $47k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.