Faegre Baker Daniels Foundation

Analysis

Faegre Baker Daniels Foundation is a registered charity in United States, based in Minneapolis, 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 December 2023, Faegre Baker Daniels Foundation reported income of $680k and spending of $607k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $680k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Faegre Baker Daniels Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Love Inc of Nacogdoches Texas ($680k), Nikolas Ritschel Foundation ($680k) and United Way of Kosciusko County Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $717k against liabilities of $0, net assets of $717k.