Mni Sota Fund

Analysis

Mni Sota Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mni Sota Fund reported income of $782k and spending of $917k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $782k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mni Sota Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Associated Builders and Contractors Eastern Pa Chapter Apprenticeship ($780k), Michigan Economic Development Foundation ($782k) and Society of Ob-Gyn Hospitalists ($780k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. Other salaries and wages came to $482k. At year end it held assets of $2.5m against liabilities of $1.6m, net assets of $904k.