Mn350

Analysis

Mn350 is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Mn350 reported income of $1.1m and spending of $1.4m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-1.4%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Mn350 sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Hawaii Nature Center Inc ($1.1m), Basel Action Network ($1.2m) and Braided River ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $113k (8.3% of expenses). Other salaries and wages came to $721k. At year end it held assets of $1.0m against liabilities of $48k, net assets of $988k. It reported 16 employees.