Minot State University Development Foundation

Analysis

Minot State University Development Foundation is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in May 2026. 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 June 2023, Minot State University Development Foundation reported income of $5.3m and spending of $3.2m, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $5.3m (+57%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 127%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot State University Development Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ND. Charities of a similar size with the same main cause include Maryhill Manor Inc ($5.3m), Pee Dee Coalition Against Domestic and Sexual Assault ($5.3m) and Family Crisis Support Services Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $511k. At year end it held assets of $57.8m against liabilities of $10.5m, net assets of $47.3m.