Minnesota Knights of Columbus Student Loan Fund Inc

Analysis

Minnesota Knights of Columbus Student Loan Fund Inc is a registered charity in United States, based in Belle Plaine, MN. It received its IRS tax-exemption ruling in September 1961, 65 years ago. 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 December 2023, Minnesota Knights of Columbus Student Loan Fund Inc reported income of $125k and spending of $110k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $125k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Knights of Columbus Student Loan Fund Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include In As Much As Inc ($125k), Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($125k) and Lakeside Heritage Society Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.