MINNKOTA POWER COOPERATIVE INC
GRAND FORKS, ND 58201 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $486,986,596 | $477,334,362 | $245,437,071 |
| FY2024 | $472,008,366 | $462,753,449 | $235,802,042 |
| FY2023 | $449,704,391 | $436,669,776 | $225,333,538 |
| FY2022 | $451,623,057 | $432,708,147 | $213,597,038 |
| FY2021 | $406,680,982 | $385,173,456 | $190,594,292 |
| FY2020 | $395,276,944 | $387,606,652 | $167,592,067 |
| FY2019 | $402,196,354 | $390,482,354 | $156,767,393 |
| FY2018 | $414,061,515 | $403,962,515 | $150,196,807 |
| FY2017 | $395,642,680 | $385,992,680 | $139,893,680 |
| FY2016 | $378,425,640 | $369,195,640 | $130,156,542 |
| FY2015 | $378,374,239 | $370,874,239 | $122,580,872 |
| FY2014 | $347,340,379 | $340,066,549 | $115,587,837 |
| FY2013 | $324,562,877 | $317,761,754 | $108,853,198 |
| FY2012 | $293,491,917 | $288,545,049 | $100,511,643 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $481,518,031 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Net assets covered about 6.2 months of expenses at the end of the reporting year.
- Total revenue rose from $293,491,917 in FY2012 to $486,986,596 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $100,511,643 to $245,437,071 between FY2012 and FY2025.
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
Minnkota Power Cooperative is a rural electric cooperative that generates and transmits electric power for eleven member cooperatives.
IRS status
| Ruling year | 1943 |
| Subsection | 501(c)(12) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.