Mankato Endowment Association Inc

Analysis

Mankato Endowment Association Inc is a registered charity in United States, based in Mankato, KS. It received its IRS tax-exemption ruling in March 1965, 61 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mankato Endowment Association Inc reported income of $58k and spending of $71k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $58k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mankato Endowment Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within KS. Charities of a similar size with the same main cause include Itisfinished Faith Inc ($58k), Mead Park Association ($58k) and Rotary Foundation of Longview ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $872k against liabilities of $0, net assets of $872k.