Minnesota Education Equity Partnership

Analysis

Minnesota Education Equity Partnership is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Minnesota Education Equity Partnership reported income of $1.0m and spending of $765k, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $919k to $1.0m (+9.0%), an average of +1.7% a year. The sharpest change came in the year to June 2024, when income rose by 78%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minnesota Education Equity Partnership sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Assisi Homes-Downers Place Inc ($1.0m), St Marys Apartments Inc ($1.0m) and Peconic United Methodist Housing Development Fund Company Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $130k (17% of expenses). Other salaries and wages came to $124k. At year end it held assets of $801k against liabilities of $78k, net assets of $723k. It reported 4 employees.