Minnesota Assistance Council for Veterans

Analysis

Minnesota Assistance Council for Veterans is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1990, 36 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 December 2023, Minnesota Assistance Council for Veterans reported income of $26.7m and spending of $19.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $26.7m (+274%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Assistance Council for Veterans sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Los Angeles Conservation Corps ($26.6m), Access to Capital for Entrepreneurs Inc ($27.0m) and Opportunity Enterprises Inc ($26.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $407k (2.1% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $32.4m against liabilities of $8.3m, net assets of $24.1m. It reported 152 employees.