Minnesota Technology Education Corporation

Analysis

Minnesota Technology Education Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Minnesota Technology Education Corporation reported income of $342k and spending of $272k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $329k to $342k (+3.7%), an average of +0.9% a year. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Technology Education Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Friends of Porter Ranch Community School ($341k), Friends of the Glenview Library ($342k) and Beavercreek Booster Club Inc ($341k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $905k.