First in Upper Midwest Inc

Analysis

First in Upper Midwest Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in March 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, First in Upper Midwest Inc reported income of $165k and spending of $131k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $165k (+162%), an average of +162% a year. The sharpest change came in the year to June 2024, when income rose by 162%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First in Upper Midwest Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include No Excuses College Tours and Programs ($165k), Klein Lacrosse Club ($165k) and Christs Children Ministries ($165k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.