Fairvote Minnesota Foundation

Analysis

Fairvote Minnesota Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Fairvote Minnesota Foundation reported income of $473k and spending of $248k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $404k to $473k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2019, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairvote Minnesota Foundation sits at the 68th percentile: it is larger than about 68% 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 Marin History Museum ($473k), North Thurston Education Foundation ($473k) and Endowment for Middle East Truth ($473k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). Other salaries and wages came to $36k. It paid $24k in professional fundraising fees. At year end it held assets of $210k against liabilities of $72k, net assets of $138k. It reported 13 employees.