Minnesota Youth Collective Education Fund

Analysis

Minnesota Youth Collective Education Fund is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Minnesota Youth Collective Education Fund reported income of $653k and spending of $833k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $653k (+218%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 467%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Youth Collective Education Fund 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 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Lakeville North Panther Booster ($653k), Ecosource Native Seed and Restoration ($653k) and Enactus Puerto Rico Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (7.9% of expenses). Other salaries and wages came to $508k. At year end it held assets of $85k against liabilities of $112k, net assets of -$27k.