Greater Nicollet Area Community Foundation

Analysis

Greater Nicollet Area Community Foundation is a registered charity in United States, based in Nicollet, MN. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Greater Nicollet Area Community Foundation reported income of $54k and spending of $23k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $42k to $54k (+28%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Nicollet Area Community Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Idia College Old Girls Association N a ($54k), Matt 28 Childrens Family Cornerstone ($54k) and East Rowan School Boosters Club ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.