The Mentoring Partnership of Minnesota

Analysis

The Mentoring Partnership of Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1997, 29 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 (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, The Mentoring Partnership of Minnesota reported income of $459k and spending of $496k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $459k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Mentoring Partnership of Minnesota 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 Business Development Corporation of Van Wert Inc ($459k), Transitional Supported Employment of Minnesota Inc ($459k) and Marietta Welcome Center Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $111k (22% of expenses). Other salaries and wages came to $218k. At year end it held assets of $298k against liabilities of $48k, net assets of $250k. It reported 6 employees.