Saint Paul & Minnesota Foundation

Analysis

Saint Paul & Minnesota Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in February 1995, 31 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 December 2023, Saint Paul & Minnesota Foundation reported income of $114.4m and spending of $126.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118.5m to $114.4m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income rose by 294%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saint Paul & Minnesota 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 Community Foundation of Greater Memphis Inc ($114.4m), Austin Community Foundation ($114.7m) and Jewish Federation of Cleveland ($113.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $2.7m (2.1% of expenses). Other salaries and wages came to $5.0m. It paid $170k in professional fundraising fees. At year end it held assets of $1.55bn against liabilities of $12.4m, net assets of $1.54bn. It reported 84 employees.