Mnshape

Analysis

Mnshape is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in January 2024, 2 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 May 2023, Mnshape reported income of $56k and spending of $74k, spending 134% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $36k to $56k (+56%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 171%. Over the whole period it spent 168% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mnshape sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include David Wagga Hunt Scholarship Foundation Inc ($56k), May River High School Parent-Teacher Organization ($56k) and The Eye Centers of Tennessee Foundation ($56k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $338k against liabilities of $494, net assets of $337k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.