Nerstrand Elementary School

Analysis

Nerstrand Elementary School is a registered charity in United States, based in Nerstrand, MN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nerstrand Elementary School reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.0m to $1.8m (-7.2%), an average of -1.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nerstrand Elementary School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Hawaii Childrens Action Network ($1.8m), Locust Valley Library ($1.8m) and Winning Futures ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $51k (3.3% of expenses). At year end it held assets of $911k against liabilities of $802k, net assets of $108k.