MN Fundraising Initiative

Analysis

MN Fundraising Initiative is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in June 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 December 2023, MN Fundraising Initiative reported income of $3.2m and spending of $2.9m, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $865k to $3.2m (+265%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, MN Fundraising Initiative 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 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Rays Baseball Foundation Inc ($3.2m), Watson ($3.2m) and Everythings Possible Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $100k (3.4% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.