Minnesota Education Trust

Analysis

Minnesota Education Trust is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Minnesota Education Trust reported income of $2.0m and spending of $2.4m, spending 119% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $2.0m to $2.0m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Minnesota Education Trust sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include We Will Go ($2.0m), Celebrate Life International Inc ($2.0m) and Freedom in Christ Ministries ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $11.2m against liabilities of $69k, net assets of $11.1m.