Take Charge Minnesota

Analysis

Take Charge Minnesota is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Take Charge Minnesota reported income of $749k and spending of $834k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $749k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Take Charge Minnesota sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Help Me Help You Foundation ($749k), Alliance of Rhode Island Southeast Asians for Education ($750k) and Mountain Seed Foundation ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $263k (31% of expenses). Other salaries and wages came to $18k. It paid $30k in professional fundraising fees. At year end it held assets of $156k against liabilities of $16k, net assets of $140k. It reported 3 employees.