Minnesota Continuing Legal Education

Analysis

Minnesota Continuing Legal Education is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Minnesota Continuing Legal Education reported income of $7.9m and spending of $7.0m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.6m to $7.9m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Continuing Legal Education sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Central Pennsylvania Workforce Development Corporation ($7.9m), Vocational Training Center Inc ($7.9m) and Forest Forward ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $384k (5.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $12.8m against liabilities of $4.7m, net assets of $8.1m. It reported 35 employees.