Minnesota Propane Gas Research Foundation

Analysis

Minnesota Propane Gas Research Foundation is a registered charity in United States, based in Zimmerman, MN. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, Minnesota Propane Gas Research Foundation reported income of $1.6m and spending of $2.1m, spending 134% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.6m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Propane Gas Research Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include International Workers Compensation Foundation Inc ($1.5m), Knox Development Partnership Inc ($1.6m) and South Carolina I-77 Alliance ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $60k (2.9% of expenses). At year end it held assets of $575k against liabilities of $3,402, net assets of $571k.