Involve MN

Analysis

Involve MN is a registered charity in United States, based in Woodbury, MN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Involve MN reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.1m to $2.5m (+24%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Involve MN sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Life Without Limbs ($2.5m), Buckner Foundation ($2.5m) and Hand in Hand ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $170k (6.7% of expenses). Other salaries and wages came to $673k. At year end it held assets of $911k against liabilities of $288k, net assets of $623k. It reported 30 employees.