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The 10 richest nonprofits in Minnesota

Mayo Clinic is #1 with $16.5 billion in net assets.

#1 · Mayo Clinic
$16.5 billion
All Minnesota nonprofits combined
$158.1 billion
16,167 e-filed returns

The list

Net assets (fund balance) at the end of the year: what the organization owns minus what it owes.

  1. 1Mayo Clinic990, year ended Dec 2024$16.5B
  2. 2Thrivent Financial for Lutherans990, year ended Dec 2024$14.5B
  3. 3Mayo Clinic Group Return990, year ended Dec 2024$8.7B
  4. 4Anne Ray Foundation990, year ended Dec 2024$4.8B
  5. 5University of Minnesota Foundation990, year ended Jun 2025$4.8B
  6. 6Allina Health System990, year ended Dec 2024$3.2B
  7. 7Margaret a Cargill Foundation990-PF, year ended Dec 2024$3.1B
  8. 8Fairview Health Services990, year ended Dec 2024$2.6B
  9. 9McKnight Foundation990-PF, year ended Dec 2024$2.6B
  10. 10Workers Compensation Reinsurance Association990, year ended Dec 2024$2.3B

More rankings

Richest (net assets) by state