Minnesota Section Pga Foundation

Analysis

Minnesota Section Pga Foundation is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in October 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 (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, Minnesota Section Pga Foundation reported income of $1.3m and spending of $1.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Section Pga Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Southcentral Kentucky Community & Technical College Foundation Inc ($1.3m), Asheville Waldorf School Inc ($1.3m) and Womens Justice Initiative Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. At year end it held assets of $2.0m against liabilities of $828k, net assets of $1.1m.