Minnesota Indigenous Business Alliance

Analysis

Minnesota Indigenous Business Alliance is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2019, 7 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 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, Minnesota Indigenous Business Alliance reported income of $219k and spending of $302k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $277k to $219k (-21%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Indigenous Business Alliance sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Grants Main Street Project ($219k), Civic Club Foundation Inc ($219k) and Start Fort Wayne Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $106k (35% of expenses). Other salaries and wages came to $62k. At year end it held assets of $357k against liabilities of $1,591, net assets of $356k. It reported 8 employees.