Minnesota Lions Vision Foundation Inc

Analysis

Minnesota Lions Vision Foundation Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minnesota Lions Vision Foundation Inc reported income of $7.1m and spending of $6.8m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.2m to $7.1m (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Lions Vision Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Long Beach Reach Inc ($7.1m), Hispanic Heritage Foundation ($7.1m) and Divine Providence Community Home ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $7.5m against liabilities of $2.4m, net assets of $5.1m.