Du Nord Foundation

Analysis

Du Nord Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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, Du Nord Foundation reported income of $54k and spending of $65k, spending 119% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $898k to $54k (-94%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Du Nord Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Trooper Nolan Sanders Foundation ($54k), Urban Community Developers Inc ($55k) and Chris Noels Vetsville Cease Fire House Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $53k against liabilities of $190, net assets of $53k.