Minnesota State College Student Association Inc

Analysis

Minnesota State College Student Association Inc is a registered charity in United States, based in W Saint Paul, MN. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minnesota State College Student Association Inc reported income of $4.8m and spending of $1.3m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $4.8m (+368%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 483%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota State College Student Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Colorado Springs Charter Academy ($4.8m), Indian Hills Community College Foundation ($4.8m) and Alturas Preparatory Academy Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $109k (8.3% of expenses). Other salaries and wages came to $455k. At year end it held assets of $5.3m against liabilities of $321k, net assets of $5.0m. It reported 30 employees.