Minnesota Multifaith Network

Analysis

Minnesota Multifaith Network is a registered charity in United States, based in Apple Valley, MN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Minnesota Multifaith Network reported income of $89k and spending of $125k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $89k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Minnesota Multifaith Network sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Odem Missions Inc ($89k), Mision Internacional Fe Y Esperanza En Cristo ($89k) and Heart of Texas Field Guides ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $59k against liabilities of $772, net assets of $58k.