Hennepin Schools

Analysis

Hennepin Schools is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Hennepin Schools reported income of $8.4m and spending of $7.4m, spending 88% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $7.6m to $8.4m (+11%), an average of +5.3% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hennepin Schools sits at the 92nd percentile: it is larger than about 92% 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 Gate City Charter Academy Inc ($8.4m), Arapohoe Charter School ($8.4m) and Northwest Foundation Inc ($8.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $311k (4.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $5.9m against liabilities of $6.3m, net assets of -$418k. It reported 98 employees.