Folwell Neighborhood Association

Analysis

Folwell Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Folwell Neighborhood Association reported income of $74k and spending of $82k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $74k (+7.4%), an average of +7.4% a year. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Folwell Neighborhood Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Exchange Club of Kiawah-Seabrook Foundation ($74k), Burlington Womans Club ($74k) and Nazareth Downtown Association Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $56k against liabilities of $10k, net assets of $46k.