Owatonna Independent School District No 761 Foundation

Analysis

Owatonna Independent School District No 761 Foundation is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in February 1993, 33 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, Owatonna Independent School District No 761 Foundation reported income of $408k and spending of $365k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $408k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Owatonna Independent School District No 761 Foundation sits at the 65th percentile: it is larger than about 65% 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 St William Apartments Inc ($408k), Medford Community Housing Inc ($408k) and St William Apartments II Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.