Minnesota State Fair Foundation

Analysis

Minnesota State Fair Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2002, 24 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 October 2023, Minnesota State Fair Foundation reported income of $3.6m and spending of $2.3m, leaving 35% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.7m to $3.6m (+36%), an average of +7.9% a year. The sharpest change came in the year to October 2021, when income rose by 98%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota State Fair Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Forward Global Inc ($3.6m), Seal Future Foundation Inc ($3.6m) and Community Foundation of Muncie and Delaware County Inc ($3.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $132k (5.6% of expenses). Other salaries and wages came to $369k. At year end it held assets of $6.6m against liabilities of $130k, net assets of $6.4m. It reported 25 employees.