Mn8

Analysis

Mn8 is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2022, 4 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, Mn8 reported income of $991k and spending of $845k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $434k to $991k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mn8 sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Washington Alliance for Quality Recovery Residences ($990k), Daisy Adams Center Inc ($991k) and Coalition for Construction Safety Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (15% of expenses). Other salaries and wages came to $283k. At year end it held assets of $634k against liabilities of $64k, net assets of $570k.