Minnesota Private College Fund

Analysis

Minnesota Private College Fund is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Minnesota Private College Fund reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $2.0m (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Private College Fund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Summit Academy Community School - Dayton ($2.0m), Astra Nova School ($2.0m) and The Douglass Fund ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. It paid $33k in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $401k, net assets of $2.5m.