Wonderful Foundations
2801 Hennepin Avenue 285, Minneapolis, MN · IRS data through FY2022
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2022 | $22,902,884 | $28,252,254 | -$11,331,255 |
| FY2021 | $18,325,687 | $22,149,363 | -$4,949,494 |
| FY2020 | $5,736,620 | $6,873,959 | -$1,137,339 |
Form 990 filings
The returns filed by Wonderful Foundations (EIN 83-2252772), 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 | $12,510 | <1% |
| Program service revenue | $21,992,972 | 96% |
| Investment income | $119,273 | 1% |
| Other revenue | $778,129 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $27,755,447 | 98% |
| Management & general | $390,064 | 1% |
| Fundraising | $106,743 | <1% |
What the numbers show
- Program service revenue made up 96% of total revenue in FY2022.
- Program services accounted for 98% of functional expenses, management & general 1%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2022. That is higher than 98.6% of 73 Education organizations in MN.
- Net assets covered about -4.8 months of expenses at the end of the reporting year. That puts it in the 5th percentile among 1313 Education organizations in MN.
- Total revenue was higher than 96.6% of 1323 Education organizations in MN.
- Total revenue rose from $5,736,620 in FY2020 to $22,902,884 in FY2022. Revenue increased in 2 and decreased in 0 of 2 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 3 reported years (FY2020, FY2021, FY2022).
- Net assets declined from -$1,137,339 to -$11,331,255 between FY2020 and FY2022.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
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
PROVIDE PHILANTHROPIC FUNDING FOCUSED SPECIFICALLY ON CHARTER SCHOOLS AND THEIR STUDENTS.
IRS status
| Ruling year | 2019 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | B12 — Education (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
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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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