Minnesota Head Start Association Inc
EIN: 363579547 · Sauk Rapids, MN · NTEE: B22Z
| Metric | Value |
|---|---|
| Total Revenue | $438K |
| Total Expenses | $413K |
| Net Assets | $398K |
Is Minnesota Head Start Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minnesota Head Start Association Inc
Minnesota Head Start Association Inc (EIN: 363579547) is a nonprofit organization based in Sauk Rapids, MN, classified under NTEE code B22Z. The organization reported total revenue of $438K and total assets of $378K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Head Start Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minnesota Head Start Association Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $436K |
| Total Expenses | $413K |
| Surplus / Deficit | +$23K |
| Total Assets | $398K |
| Total Liabilities | $27 |
| Net Assets | $398K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Minnesota Head Start Association Inc reported a surplus of $23K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minnesota Head Start Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.5% | +39.0% | +6.1% |
| 2022 | -11.3% | +59.7% | +18.7% |
| 2021 | +46.4% | -26.9% | +193.0% |
| 2020 | -27.5% | -29.9% | +26.1% |
| 2019 | +16.9% | +3.3% | +22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minnesota Head Start Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minnesota Head Start Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Minnesota Head Start Association Inc
Is Minnesota Head Start Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Minnesota Head Start Association Inc (EIN: 363579547) insufficient data. 0 red flags identified, 0 strengths noted.
How does Minnesota Head Start Association Inc spend its money?
Detailed spending breakdown data is not yet available for Minnesota Head Start Association Inc. Check back for updated IRS 990 analysis.
Are donations to Minnesota Head Start Association Inc tax-deductible?
Minnesota Head Start Association Inc is registered as a tax-exempt nonprofit (EIN: 363579547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minnesota Head Start Association Inc located?
Minnesota Head Start Association Inc is headquartered in Sauk Rapids, Minnesota and files with the IRS under EIN 363579547. It is classified under NTEE code B22Z.
How many years of IRS 990 filings does Minnesota Head Start Association Inc have?
Minnesota Head Start Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $438K in total revenue.
Filing History
IRS 990 filing history for Minnesota Head Start Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minnesota Head Start Association Inc's revenue has grown by 55.1%, moving from $281K to $436K. Total assets increased by 757.5% over the same period, from $46K to $398K. Total functional expenses rose by 47.3%, from $280K to $413K. In its most recent filing year (2023), Minnesota Head Start Association Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $27 in liabilities against $398K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $398K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $436K | $413K | $398K | $27 | — | View 990 |
| 2022 | $355K | $297K | $375K | $299 | — | View 990 |
| 2021 | $401K | $186K | $316K | $20 | — | View 990 |
| 2020 | $274K | $254K | $108K | $7K | — | View 990 |
| 2019 | $378K | $363K | $86K | $4K | — | View 990 |
| 2018 | $323K | $351K | $70K | $4K | — | View 990 |
| 2017 | $400K | $371K | $98K | $5K | — | View 990 |
| 2016 | $315K | $310K | $66K | $1K | — | View 990 |
| 2015 | $331K | $334K | $62K | $2K | — | View 990 |
| 2014 | $315K | $315K | $66K | $3K | — | View 990 |
| 2013 | $297K | $282K | $66K | $2K | — | View 990 |
| 2012 | $316K | $306K | $66K | $17K | — | View 990 |
| 2011 | $281K | $280K | $46K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $436K, expenses of $413K, and assets of $398K (revenue +22.5% year-over-year).
- 2022: Revenue of $355K, expenses of $297K, and assets of $375K (revenue -11.3% year-over-year).
- 2021: Revenue of $401K, expenses of $186K, and assets of $316K (revenue +46.4% year-over-year).
- 2020: Revenue of $274K, expenses of $254K, and assets of $108K (revenue -27.5% year-over-year).
- 2019: Revenue of $378K, expenses of $363K, and assets of $86K (revenue +16.9% year-over-year).
- 2018: Revenue of $323K, expenses of $351K, and assets of $70K (revenue -19.1% year-over-year).
- 2017: Revenue of $400K, expenses of $371K, and assets of $98K (revenue +26.9% year-over-year).
- 2016: Revenue of $315K, expenses of $310K, and assets of $66K (revenue -4.8% year-over-year).
- 2015: Revenue of $331K, expenses of $334K, and assets of $62K (revenue +5.2% year-over-year).
- 2014: Revenue of $315K, expenses of $315K, and assets of $66K (revenue +6.0% year-over-year).
- 2013: Revenue of $297K, expenses of $282K, and assets of $66K (revenue -6.2% year-over-year).
- 2012: Revenue of $316K, expenses of $306K, and assets of $66K (revenue +12.6% year-over-year).
- 2011: Revenue of $281K, expenses of $280K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minnesota Head Start Association Inc:
Data Sources and Methodology
This transparency report for Minnesota Head Start Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.