Focus Corp MN Inc

Analysis

Focus Corp MN Inc is a registered charity in United States, based in Roseau, MN. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Focus Corp MN Inc reported income of $464k and spending of $414k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $464k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Focus Corp MN Inc sits at the 67th percentile: it is larger than about 67% 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 Create a Spark Foundation Inc ($464k), Science Spark ($464k) and Utah Association of Elementary School Principals ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $77k (19% of expenses). Other salaries and wages came to $193k. At year end it held assets of $613k against liabilities of $6,473, net assets of $607k. It reported 42 employees.