Catholic Community Foundation of Minnesota

Analysis

Catholic Community Foundation of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2024, Catholic Community Foundation of Minnesota reported income of $75.5m and spending of $44.5m, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $40.1m to $75.5m (+88%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catholic Community Foundation of Minnesota sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Winston-Salem Foundation ($73.0m), Childrens Rescue Fund ($76.7m) and New Hanover Community Endowment Inc ($72.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $946k (2.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $666.6m against liabilities of $351.4m, net assets of $315.2m. It reported 24 employees.