Anne Ray Foundation
6889 Rowland Rd, Eden Prairie, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $153,086,190 | $172,815,860 | $4,832,880,009 |
| FY2023 | $198,443,957 | $254,702,109 | $4,697,242,396 |
| FY2022 | -$82,596,152 | $182,387,086 | $4,602,068,332 |
| FY2021 | $429,038,165 | $189,028,867 | $5,359,902,747 |
| FY2020 | $390,628,330 | $157,989,938 | $4,718,254,644 |
| FY2019 | $231,700,650 | $182,724,904 | $4,363,836,498 |
| FY2018 | $201,514,587 | $219,819,940 | $3,985,561,664 |
| FY2017 | $279,364,472 | $210,951,872 | $4,236,002,245 |
| FY2016 | $0 | $0 | $0 |
| FY2015 | $0 | $0 | $0 |
| FY2014 | $0 | $0 | $0 |
Form 990 filings
The returns filed by Anne Ray Foundation (EIN 47-1036008), 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 | $0 | 0% |
| Program service revenue | $0 | 0% |
| Other revenue | $153,086,190 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $150,481,273 | 87% |
| Management & general | $22,334,587 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 100% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 66.7% of 21 Philanthropy, Voluntarism & Grantmaking Foundations organizations in MN.
- Net assets covered about 335.6 months of expenses at the end of the reporting year. That puts it in the 94th 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 $0 in FY2014 to $153,086,190 in FY2024. Revenue increased in 5 and decreased in 3 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 11 reported years (FY2018, FY2022, FY2023, FY2024).
- The highest revenue on record here is $429,038,165 in FY2021.
- Net assets grew from $0 to $4,832,880,009 between FY2014 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (non-functionally integrated type 3 supporting organization).
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
CHARITABLE GRANTMAKING TO SOME OR ALL DESIGNATED SUPPORTED ORGANIZATIONS.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T30 — Philanthropy, Voluntarism & Grantmaking Foundations (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (non-functionally integrated type 3 supporting organization). |
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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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