Minnesota Colon and Rectal Foundation

Analysis

Minnesota Colon and Rectal Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Minnesota Colon and Rectal Foundation reported income of $57k and spending of $54k, spending 95% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $187k to $57k (-70%), an average of -70% a year. The sharpest change came in the year to June 2020, when income dropped by 70%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Colon and Rectal Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Caring Place Inc ($57k), Rocky Hill First Aid and Rescue Squad Inc ($57k) and Euro-Peds Foundation ($57k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 6.0% and program service revenue 11% of the total. At year end it held assets of $3.4m against liabilities of $9,304, net assets of $3.4m.