Minnesota Transitions Chartered School

Analysis

Minnesota Transitions Chartered School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minnesota Transitions Chartered School reported income of $71.8m and spending of $67.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.2m to $71.8m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Transitions Chartered School sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Russell Sage College ($71.7m), Imagine Schools Non-Profit Inc ($71.9m) and Packer Collegiate Institute ($71.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.5m (2.3% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $80.7m against liabilities of $78.9m, net assets of $1.8m. It reported 392 employees.