For example, the largest nonprofit in Minnesota is the Mayo Clinic based in Rochester, MN, reporting over $12.6 billion in income in 2021.
Minnesota. The IRS lists 40,425 active tax-exempt organizations operating in Minnesota, including 31,247 501(c)(3)s, to which you can make a tax-deductible donation. Minnesota nonprofit organizations reported $105 billion in revenue on their most recent tax filings.
Minnesota. The IRS lists 40,425 active tax-exempt organizations operating in Minnesota, including 31,247 501(c)(3)s, to which you can make a tax-deductible donation. Minnesota nonprofit organizations reported $105 billion in revenue on their most recent tax filings.
The public support test is a complex formula that evaluates the sources of support to a public charity. A public charity must demonstrate that it receives a minimum of 33 1/3% of its support from public sources in order to pass this test.