Great MN Schools

Analysis

Great MN Schools is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Great MN Schools reported income of $5.2m and spending of $4.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.2m (+118%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great MN Schools sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Alexandria Country Day School ($5.2m), Alabama Association of Regional Councils ($5.2m) and Letterform Archive ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $298k (6.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $435k against liabilities of $377k, net assets of $59k. It reported 10 employees.