Minnesota Section Institute of Food Technologists

Analysis

Minnesota Section Institute of Food Technologists is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1965, 61 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Section Institute of Food Technologists reported income of $89k and spending of $88k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $133k to $89k (-34%), an average of -7.9% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Section Institute of Food Technologists sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Westborough Chinese Language School Inc ($89k), Freedom Farm Community ($89k) and Holt Community Food Bank ($89k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.9% and program service revenue 12% of the total. At year end it held assets of $923k against liabilities of $0, net assets of $923k.