Minnesota Trucking Association Foundation

Analysis

Minnesota Trucking Association Foundation is a registered charity in United States, based in Brooklyn Ctr, MN. It received its IRS tax-exemption ruling in February 2020, 6 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).

In the financial year ending June 2023, Minnesota Trucking Association Foundation reported income of $103k and spending of $132k, spending 128% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $77k to $103k (+35%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Trucking Association Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Greater New Orleans Science Fair Inc Region IX of Louisiana ($103k), Shaler Area Band Parents Assn Shaler Area High School ($103k) and Imagination Library of Johnson County Inc ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $133k against liabilities of $3,832, net assets of $129k.