Minnesota Furs

Analysis

Minnesota Furs is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Minnesota Furs reported income of $146k and spending of $100k, leaving 31% of income unspent that year. Across the 3 years on record, from March 2022 to March 2024, income grew from $81k to $146k (+80%), an average of +34% a year. The sharpest change came in the year to March 2023, when income rose by 44%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Furs sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Welcome Home Jersery City a NJ Non-Profit Corporation ($146k), Ashleys Angels Inc ($146k) and Brookings Back Pack Project ($146k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 3.5% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.