Minneapolis Business Mentors

Analysis

Minneapolis Business Mentors is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minneapolis Business Mentors reported income of $153k and spending of $26k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $153k (+214%), an average of +214% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 23% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minneapolis Business Mentors sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Student Achievement & Advocacy Services ($153k), Womens Jewish Learning Center ($153k) and Jason Kendal Ray Foundation ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. At year end it held assets of $191k against liabilities of $269, net assets of $191k.