Minnesota Chill Foundation

Analysis

Minnesota Chill Foundation is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 Chill Foundation reported income of $117k and spending of $182k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $117k (+283%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Minnesota Chill Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Napa Band Boosters Club ($117k), Maquoketa Youth Trap Club Inc ($117k) and The 501 Exchange Co ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Other salaries and wages came to $16k. At year end it held assets of $25k against liabilities of $0, net assets of $25k.