Minnesota Valley Action Council Inc

Analysis

Minnesota Valley Action Council Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Minnesota Valley Action Council Inc reported income of $28.4m and spending of $27.5m, spending 97% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $22.0m to $28.4m (+29%), an average of +9.0% a year. The sharpest change came in the year to March 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Valley Action Council Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Opportunity at Work Inc ($28.4m), Csra Economic Opportunity Authority Inc ($28.5m) and Impact Community Action ($28.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $141k (0.5% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $13.9m against liabilities of $4.1m, net assets of $9.8m. It reported 480 employees.