Mnnac Inc

Analysis

Mnnac Inc is a registered charity in United States, based in Cottage Grove, MN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mnnac Inc reported income of $86k and spending of $104k, spending 121% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $111k to $86k (-23%), an average of -23% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mnnac Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Henrico Volunteer Rescue Squad Inc ($86k), Jump for Kids ($86k) and Crockett Development Corporation ($86k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.