Hopkins Education Foundation

Analysis

Hopkins Education Foundation is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in November 1995, 31 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, Hopkins Education Foundation reported income of $325k and spending of $459k, spending 141% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $520k to $325k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hopkins Education Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Talk of the Town Restaurant Group Foundation Inc ($325k), Columbus Bar Foundation ($325k) and Shepherds Home Foundation Inc ($325k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $68k (15% of expenses). Other salaries and wages came to $76k. At year end it held assets of $572k against liabilities of $4,593, net assets of $568k. It reported 5 employees.