Unidos MN Education Fund

Analysis

Unidos MN Education Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Unidos MN Education Fund reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $288k to $1.6m (+447%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 342%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unidos MN Education Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Academy Hill Center for Gifted Children Inc ($1.6m), Cheder Eitz Chaim Inc ($1.6m) and Far and Wise Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $82k, net assets of $1.7m.