Minneapolis Foundation

Analysis

Minneapolis Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1926, 100 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 March 2023, Minneapolis Foundation reported income of $115.3m and spending of $122.5m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $129.5m to $115.3m (-11%), an average of -2.9% a year. The sharpest change came in the year to March 2023, when income dropped by 44%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minneapolis Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Thrivent Charitable Impact & Investing ($114.8m), Msi US ($116.7m) and Austin Community Foundation ($114.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 82% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $1.4m (1.1% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $1.04bn against liabilities of $65.4m, net assets of $973.8m. It reported 68 employees.