Minnesota Black Collective Foundation

Analysis

Minnesota Black Collective Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Black Collective Foundation reported income of $5.9m and spending of $1.5m, leaving 74% of income unspent that year. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Minnesota Black Collective Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Pasadena Educational Foundation ($5.8m), United Way of El Paso County ($5.9m) and Spokane Housing Ventures ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $30k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $398k, net assets of $4.3m.