Minnesota Military Family Foundation

Analysis

Minnesota Military Family Foundation is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in July 1996, 30 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, Minnesota Military Family Foundation reported income of $1.5m and spending of $686k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Military Family Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Old North Foundation of Boston Inc ($1.5m), Western Stock Show Association Scholarship Trust ($1.5m) and Church & Dwight Employee Giving Fund Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $10.1m against liabilities of $28k, net assets of $10.1m.