Minnesota Professional Engineers Foundation

Analysis

Minnesota Professional Engineers Foundation is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Minnesota Professional Engineers Foundation reported income of $67k and spending of $49k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $49k to $67k (+37%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Professional Engineers Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Friends of TMS Instrumental Music ($67k), Texas Association for Institutional Research ($67k) and Short Moments ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $228k against liabilities of $4,491, net assets of $224k.