MINNEAPOLIS RECREATION DEVELOPMENT INC
Mission Statement
Love One Another* is a 501(c)(3) Non-Profit organization that serves the homeless, poor, and disadvantaged families in the Twin Cities every night by providing food, clothing, personal care items, and on-the-street care and support. On any given night, there are over 10,000** homeless people in the Twin Cities metro area, including more than 3,000** children under age 17. The primary focus of LOA is to feed, and provide emergency assistance to as many of them as possible. **Wilder Research March 2019 LOA was founded in 1967 by Allan Law, a teacher in the Inner City Minneapolis Public School System for 32 years. Since its founding the Mission of LOA has been: "Love One Another" and the Guiding Principle is best captured in a quote by Hubert Humphrey: "Judge our society by how we care for our children and the disadvantaged." It began as an after school, weekend, and summertime program for Inner City Youth, but over the past 52 years the organization has grown and expanded in scope to include Four Core Programs: Youth Builder, Scholarship Program, Samaritans Outreach, and the 363® Days Food Program. *Minneapolis Recreation Development, Inc.: DBA Love One Another
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.1% | 86.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.9% | 9.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
182.1 mo | 6.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.5% | 94.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
42.7% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-13.2% | 10.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
35.1% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $252K | $163K | $2.5M | 93.1% | 0 |
| 2023 | $177K | $188K | $2.4M | 94.0% | 0 |
| 2022 | $207K | $236K | $2.4M | 94.4% | 0 |
| 2021 | $341K | $245K | N/A | — | 0 |
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