Minnesota Educational Scholarship Fund Inc

Analysis

Minnesota Educational Scholarship Fund Inc is a registered charity in United States, based in Cottage Grove, MN. It received its IRS tax-exemption ruling in June 2014, 12 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, Minnesota Educational Scholarship Fund Inc reported income of $74k and spending of $72k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $74k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. 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, Minnesota Educational Scholarship Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Bess Brannen Parent Teacher Organization ($74k), Saint Joseph Central Catholic Boosters ($74k) and Oregon Athletic Officals Association ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 54% of the total. At year end it held assets of $147k against liabilities of $51k, net assets of $96k.