Anne Ray Foundation

Analysis

Anne Ray Foundation is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in December 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 supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anne Ray Foundation reported income of $198.4m and spending of $254.7m, spending 128% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $201.5m to $198.4m (-1.5%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income dropped by 119%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anne Ray Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Communities Foundation of Texas ($195.1m), Lettie Pate Whitehead Foundation Inc ($208.6m) and Oregon Community Foundation ($192.6m).

Compensation of current officers, directors and key employees was $3.7m (1.5% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $4.87bn against liabilities of $170.5m, net assets of $4.70bn.