Minnesota Vortex

Analysis

Minnesota Vortex is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in November 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Minnesota Vortex reported income of $415k and spending of $443k, spending 107% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $295k to $415k (+41%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Vortex sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Free Bikes 4 Kidz Maryland Inc ($415k), Anaheim Futbol Club Inc ($415k) and Monroeville Baseball & Softball Association ($415k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.4% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $31k (7.0% of expenses). At year end it held assets of $25k against liabilities of $11k, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.