Minot Catholic Schools Foundation

Analysis

Minot Catholic Schools Foundation is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in July 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Minot Catholic Schools Foundation reported income of $1.0m and spending of $429k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $805k to $1.0m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot Catholic Schools Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within ND. Charities of a similar size with the same main cause include American Accountability Foundation ($1.0m), Space Coast Recovery Inc ($1.0m) and Discipleship Global Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $8.6m against liabilities of $0, net assets of $8.6m.