Constellation Fund

Analysis

Constellation Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Constellation Fund reported income of $5.2m and spending of $6.5m, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.4m to $5.2m (+17%), an average of +3.2% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Constellation Fund sits at the 93rd percentile: it is larger than about 93% 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 United Way of Genesee County ($5.2m), Central Montana Foundation ($5.2m) and L S U Property Foundation ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $210k (3.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.4m against liabilities of $39k, net assets of $7.3m. It reported 16 employees.