Minnesota Connect Aphasia Now

Analysis

Minnesota Connect Aphasia Now is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Minnesota Connect Aphasia Now reported income of $235k and spending of $221k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $235k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Connect Aphasia Now sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Directors Council ($235k), Southwest Cuyahoga Recreation Center Inc ($235k) and My Brothers Keeper International ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Other salaries and wages came to $97k. It paid $9,182 in professional fundraising fees. At year end it held assets of $87k against liabilities of $3,344, net assets of $84k. It reported 4 employees.