Transitional Supported Employment of Minnesota Inc

Analysis

Transitional Supported Employment of Minnesota Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transitional Supported Employment of Minnesota Inc reported income of $459k and spending of $422k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $459k (+3.4%), an average of +0.8% a year. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transitional Supported Employment of Minnesota Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include The Mentoring Partnership of Minnesota ($459k), Riverfront Plaza Garage Management Corporation ($459k) and Business Development Corporation of Van Wert Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (14% of expenses). Other salaries and wages came to $203k. At year end it held assets of $380k against liabilities of $0, net assets of $380k. It reported 11 employees.