Minnesota Thunder Academy
EIN: 263017116 · Richfield, MN · NTEE: N64
Is Minnesota Thunder Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minnesota Thunder Academy
Minnesota Thunder Academy (EIN: 263017116) is a nonprofit organization based in Richfield, MN, classified under NTEE code N64. The organization reported total revenue of $3.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minnesota Thunder Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Minnesota Thunder Academy 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 Thunder Academy 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.
Frequently Asked Questions about Minnesota Thunder Academy
Is Minnesota Thunder Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Minnesota Thunder Academy (EIN: 263017116) insufficient data. 0 red flags identified, 0 strengths noted.
How does Minnesota Thunder Academy spend its money?
Detailed spending breakdown data is not yet available for Minnesota Thunder Academy. Check back for updated IRS 990 analysis.
Are donations to Minnesota Thunder Academy tax-deductible?
Minnesota Thunder Academy is registered as a tax-exempt nonprofit (EIN: 263017116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Minnesota Thunder Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Minnesota Thunder Academy's revenue has grown by 206%, moving from $812K to $2.5M. Total assets increased by 3263.1% over the same period, from $63K to $2.1M. Total functional expenses rose by 118.9%, from $1.0M to $2.2M. In its most recent filing year (2023), Minnesota Thunder Academy reported a surplus of $269K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $2.1M in assets (debt-to-asset ratio: 48.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $2.1M | $1.0M | — | — |
| 2022 | $2.1M | $1.9M | $1.0M | $191K | — | View 990 |
| 2021 | $2.1M | $1.5M | $780K | $176K | — | View 990 |
| 2020 | $1.6M | $1.4M | $407K | $362K | — | View 990 |
| 2019 | $1.8M | $1.7M | $38K | $143K | — | View 990 |
| 2018 | $972K | $931K | $70K | $324K | — | View 990 |
| 2017 | $1.2M | $1.5M | $442K | $794K | — | View 990 |
| 2016 | $1.6M | $1.4M | $359K | $483K | — | View 990 |
| 2015 | $1.6M | $1.7M | $403K | $633K | — | View 990 |
| 2014 | $1.5M | $1.4M | $1.1M | $1.1M | — | View 990 |
| 2013 | $1.1M | $1.2M | $627K | $698K | — | View 990 |
| 2012 | $812K | $1.0M | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $2.1M (revenue +18.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $1.0M (revenue +1.2% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.5M, and assets of $780K (revenue +31.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $407K (revenue -14.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $38K (revenue +88.7% year-over-year).
- 2018: Revenue of $972K, expenses of $931K, and assets of $70K (revenue -22.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.5M, and assets of $442K (revenue -23.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $359K (revenue -0.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $403K (revenue +9.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $1.1M (revenue +41.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $627K (revenue +30.1% year-over-year).
- 2012: Revenue of $812K, expenses of $1.0M, and assets of $63K.
Data Sources and Methodology
This transparency report for Minnesota Thunder Academy 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.