Minnesota Renewal Center

Analysis

Minnesota Renewal Center is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Renewal Center reported income of $1.1m and spending of $991k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $1.1m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Renewal Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Nami Washington ($1.1m), Hospice Foundation of Jefferson County Inc ($1.1m) and Pioneer Relief Nursery Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $106k. At year end it held assets of $99k against liabilities of $12k, net assets of $87k. It reported 6 employees.