Hospitality Minnesota Education Foundation

Analysis

Hospitality Minnesota Education Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospitality Minnesota Education Foundation reported income of $358k and spending of $313k, spending 87% of its income. Across the 6 years on record, from March 2019 to December 2023, income grew from $235k to $358k (+53%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hospitality Minnesota Education Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Alpine Education Foundation Inc ($358k), Gateway Christian Academy of Pascagoula ($358k) and HX Chinese School at Plainsboro ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.8% of the total. At year end it held assets of $405k against liabilities of $4,823, net assets of $400k.