Minneapolis Foundation
80 South Eight Street, Minneapolis, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $192,988,402 | $152,448,966 | $1,105,308,485 |
| FY2024 | $146,901,684 | $134,196,439 | $1,065,150,350 |
| FY2023 | $115,302,787 | $122,536,152 | $973,806,083 |
| FY2022 | $204,398,163 | $121,965,802 | $1,052,016,631 |
| FY2021 | $200,857,814 | $125,693,751 | $974,994,857 |
| FY2020 | $141,518,502 | $106,120,687 | $717,213,010 |
| FY2019 | $129,527,194 | $96,740,604 | $757,683,419 |
| FY2018 | $147,120,892 | $83,454,613 | $763,605,302 |
| FY2017 | $98,028,983 | $70,849,060 | $682,873,727 |
| FY2016 | $83,967,004 | $70,745,401 | $611,143,723 |
| FY2015 | $89,102,571 | $92,966,869 | $646,831,752 |
| FY2014 | $121,930,637 | $55,490,803 | $658,154,073 |
| FY2013 | $67,298,792 | $61,301,065 | $549,107,034 |
| FY2012 | $53,487,829 | $52,133,121 | $531,349,320 |
Form 990 filings
The returns filed by Minneapolis Foundation (EIN 41-6029402), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $131,864,412 | 68% |
| Program service revenue | $1,307,931 | 1% |
| Other revenue | $59,816,059 | 31% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $141,778,802 | 93% |
| Management & general | $7,049,434 | 5% |
| Fundraising | $3,620,730 | 2% |
What the numbers show
- Contributions & grants made up 68% of total revenue in FY2025.
- Program services accounted for 93% of functional expenses, management & general 5%, and fundraising 2%.
- 93% of functional expenses went to program services in FY2025. That is higher than 81% of 21 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Net assets covered about 87 months of expenses at the end of the reporting year. That puts it in the 45th percentile among 1200 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Total revenue was higher than 99.9% of 1215 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Total revenue rose from $53,487,829 in FY2012 to $192,988,402 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2015, FY2023).
- The highest revenue on record here is $204,398,163 in FY2022.
- Net assets grew from $531,349,320 to $1,105,308,485 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TOGETHER, WE DRIVE COLLECTIVE ACTION IN ORDER TO REALIZE STRONG, VIBRANT COMMUNITIES.
IRS status
| Ruling year | 1926 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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