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 |
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
- 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 68.2% of 22 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 1199 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.
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 |
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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.
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