Minnesota Center for Employee Ownership

Analysis

Minnesota Center for Employee Ownership is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Center for Employee Ownership reported income of $78k and spending of $146k, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $194k to $78k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Minnesota Center for Employee Ownership sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Newell Community Club Inc ($78k), Junction City-Jackson Post 376 Honor Guard Inc ($78k) and Fort Detrick Alliance Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $79k against liabilities of $758, net assets of $78k.