Minnesota Milk Bank for Babies

Analysis

Minnesota Milk Bank for Babies is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Minnesota Milk Bank for Babies reported income of $1.5m and spending of $1.1m, leaving 30% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $542k to $1.5m (+179%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Minnesota Milk Bank for Babies sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Casa de Consejeria Y Salud Integral Inc ($1.5m), Adler Aphasia Center ($1.5m) and Hawaii State Rural Health Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $80k (7.5% of expenses). Other salaries and wages came to $437k. At year end it held assets of $2.1m against liabilities of $898k, net assets of $1.2m. It reported 15 employees.