NMDP Foundation

Analysis

NMDP Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, NMDP Foundation reported income of $18.7m and spending of $18.3m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.1m to $18.7m (+69%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, NMDP Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Yellowstone Club Community Foundation ($18.7m), Student Leadership Network Inc ($18.8m) and Community Foundation for Southern Arizona ($18.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $234k (1.3% of expenses). Other salaries and wages came to $4.3m. It paid $612k in professional fundraising fees. At year end it held assets of $15.9m against liabilities of $1.9m, net assets of $14.0m. It reported 44 employees.