Minnesota State University Mankato Foundation Incorporated

Analysis

Minnesota State University Mankato Foundation Incorporated is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in October 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Minnesota State University Mankato Foundation Incorporated reported income of $16.3m and spending of $7.3m, leaving 56% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $8.5m to $16.3m (+92%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 107%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota State University Mankato Foundation Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Linwood Center Inc ($16.3m), Sruf Campus Housing Inc ($16.3m) and New Orleans Military and Maritime Academy Inc ($16.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $623k. At year end it held assets of $101.1m against liabilities of $901k, net assets of $100.2m.