Minot Park Foundation

Analysis

Minot Park Foundation is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Minot Park Foundation reported income of $3.3m and spending of $642k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $3.3m (+1006%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 675%. Over the whole period it spent 36% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minot Park Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within ND. Charities of a similar size with the same main cause include Washingtons National Park Fund ($3.3m), Wake Futbol Club Inc ($3.3m) and Capital City Shining Stars ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.0m against liabilities of $114k, net assets of $3.8m.