Mn350
EIN: 452754381 · Minneapolis, MN · NTEE: C05
| Metric | Value |
|---|---|
| Total Revenue | $718K |
| Total Expenses | $1.4M |
| Net Assets | $988K |
Is Mn350 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mn350
Mn350 (EIN: 452754381) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code C05. The organization reported total revenue of $718K and total assets of $601K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mn350's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mn350 is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-204,539 |
| Total Assets | $1.0M |
| Total Liabilities | $48K |
| Net Assets | $988K |
| Operating Margin | -17.8% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Mn350 reported a deficit of $205K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Mn350's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | -7.0% | -16.5% |
| 2022 | -49.3% | -35.8% | -28.5% |
| 2021 | +73.3% | +98.3% | +44.0% |
| 2020 | +40.7% | +15.0% | +122.9% |
| 2019 | +66.2% | +20.7% | +48.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mn350 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 Mn350 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 deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Mn350
Is Mn350 a legitimate charity?
Based on AI analysis of IRS 990 filings, Mn350 (EIN: 452754381) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mn350 spend its money?
Detailed spending breakdown data is not yet available for Mn350. Check back for updated IRS 990 analysis.
Are donations to Mn350 tax-deductible?
Mn350 is registered as a tax-exempt nonprofit (EIN: 452754381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mn350 located?
Mn350 is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 452754381. It is classified under NTEE code C05.
How many years of IRS 990 filings does Mn350 have?
Mn350 has 10 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 $718K in total revenue.
Filing History
IRS 990 filing history for Mn350 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Mn350's revenue has grown by 459.2%, moving from $206K to $1.1M. Total assets increased by 3464.2% over the same period, from $29K to $1.0M. Total functional expenses rose by 456.2%, from $243K to $1.4M. In its most recent filing year (2023), Mn350 reported a deficit of $205K, with expenses exceeding revenue. The organization holds $48K in liabilities against $1.0M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $988K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $1.0M | $48K | — | — |
| 2022 | $1.4M | $1.5M | $1.2M | $48K | — | View 990 |
| 2021 | $2.8M | $2.3M | $1.7M | $179K | — | View 990 |
| 2020 | $1.6M | $1.1M | $1.2M | $224K | — | View 990 |
| 2019 | $1.2M | $995K | $541K | $56K | — | View 990 |
| 2018 | $701K | $824K | $363K | $49K | — | View 990 |
| 2017 | $704K | $433K | $448K | $5K | — | View 990 |
| 2016 | $396K | $353K | $176K | $4K | — | View 990 |
| 2015 | $327K | $247K | $113K | $6K | — | View 990 |
| 2014 | $206K | $243K | $29K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $1.0M (revenue -20.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $1.2M (revenue -49.3% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.3M, and assets of $1.7M (revenue +73.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.1M, and assets of $1.2M (revenue +40.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $995K, and assets of $541K (revenue +66.2% year-over-year).
- 2018: Revenue of $701K, expenses of $824K, and assets of $363K (revenue -0.3% year-over-year).
- 2017: Revenue of $704K, expenses of $433K, and assets of $448K (revenue +77.7% year-over-year).
- 2016: Revenue of $396K, expenses of $353K, and assets of $176K (revenue +21.1% year-over-year).
- 2015: Revenue of $327K, expenses of $247K, and assets of $113K (revenue +59.1% year-over-year).
- 2014: Revenue of $206K, expenses of $243K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mn350:
Data Sources and Methodology
This transparency report for Mn350 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.