Minnesota Freedom Fund Inc

Analysis

Minnesota Freedom Fund Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Freedom Fund Inc reported income of $755k and spending of $4.5m, spending 591% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $755k (+226%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 17905%. Over the whole period it spent 54% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Minnesota Freedom Fund Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Citrus County Childrens Advocacy Center Inc ($755k), Casa of the Pines Inc ($756k) and Aspen-Abuse Support & Prevention Education Network ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $795k (18% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $18.3m against liabilities of $476k, net assets of $17.9m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.