Minnesota State Council on Economic Education

Analysis

Minnesota State Council on Economic Education is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Minnesota State Council on Economic Education reported income of $3.9m and spending of $857k, leaving 78% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $440k to $3.9m (+792%), an average of +55% a year. The sharpest change came in the year to June 2024, when income rose by 442%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota State Council on Economic Education sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include The William Paterson University of New Jersey Foundation Inc ($3.9m), Davenport Residence Inc ($3.9m) and Talmudical Institute of Upstate New York ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $166k (19% of expenses). Other salaries and wages came to $278k. At year end it held assets of $4.6m against liabilities of $84k, net assets of $4.5m.