Minnesota Institute for Talented Youth

Analysis

Minnesota Institute for Talented Youth is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Minnesota Institute for Talented Youth reported income of $602k and spending of $493k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $476k to $602k (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 107%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Institute for Talented Youth sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Park Ridge Housing Development Fund Company Inc ($602k), Saint Charles County Fair Inc ($602k) and Arch Development Corporation ($602k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.9% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $91k (19% of expenses). Other salaries and wages came to $43k. At year end it held assets of $1.2m against liabilities of $18k, net assets of $1.2m. It reported 2 employees.