Propel Nonprofits

Analysis

Propel Nonprofits is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Propel Nonprofits reported income of $8.6m and spending of $10.2m, spending 118% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $8.1m to $8.6m (+6.0%), an average of +1.2% a year. The sharpest change came in the year to March 2022, when income rose by 87%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Propel Nonprofits sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Bridge Project Inc ($8.6m), Mercy Health Corporation ($8.7m) and Steve Stricker American Family Insurance Foundation Inc ($8.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $721k (7.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $49.9m against liabilities of $33.3m, net assets of $16.7m. It reported 39 employees.