Minot State Alumni Inc

Analysis

Minot State Alumni Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in June 1966, 60 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minot State Alumni Inc reported income of $167k and spending of $160k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $32k to $167k (+417%), an average of +73% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot State Alumni Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 42nd percentile within ND. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($167k), Lacey Rotary Foundation ($167k) and Lambswear Inc ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% of the total. At year end it held assets of $216k against liabilities of $207k, net assets of $9,660.