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Minnesota · Nonprofit

The Constellation Fund

The Constellation Fund (Minnesota) receives grants from 68 organizations whose IRS filings report $22,302,801 to it, the largest being LYNNE & ANDREW REDLEAF FOUNDATION ($5,107,250). 54 of them have funded it in more than one year.

Revenue FY2025
$8.3M
Funders on record
68
Grants received
$22M
Net assets
$8.0M
54/68 repeat funderspeak grant-dependency 85%
01What it does

What The Constellation Fund does

Mission

Fight poverty in the Twin Cities by raising the living standards of individuals living below the poverty line in our seven-county metropolitan area.

As stated on its FY2025 Form 990.

Program

  1. The Constellation Fund is built to harness the incisive power of modern analytics alongside on-the-ground insights to allocate precious philanthropic resources to the people and partners creating the most impact in the fight against poverty in the Twin Cities. We use quantitative metrics alongside qualitative analysis to select our grantee partners. Our metrics are built using the best available evidence to develop metrics that allow Constellation to reliably project the long-term quality-of-life impact of poverty-fighting services resulting in a benefit-cost ratio used to help objectively build a portfolio of the most impactful organizations across a broad spectrum of programs and interventions. In fiscal year 2025, this approach led Constellation to invest over $3.5 million into 26 poverty-fighting organizations working across four impact areas - education, employment, health, and housing. Constellation's evidence-driven analysis projects that these organizations will turn every dollar of that investment into an average of $8.02 of lifetime health and income improvements for individuals and families experiencing poverty in our community. The average projected impact of the…

    $6,434,940 spentof which $3,507,086 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $6,434,940.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($4.4M) Expenses 100 ($744k) Net assets 100 ($3.7M)2020 Revenue 126 ($5.6M) Expenses 395 ($2.9M) Net assets 172 ($6.4M)2021 Revenue 128 ($5.7M) Expenses 522 ($3.9M) Net assets 221 ($8.2M)2022 Revenue 116 ($5.2M) Expenses 799 ($5.9M) Net assets 200 ($7.4M)2023 Revenue 147 ($6.5M) Expenses 715 ($5.3M) Net assets 233 ($8.6M)2024 Revenue 117 ($5.2M) Expenses 874 ($6.5M) Net assets 198 ($7.3M)2025 Revenue 186 ($8.3M) Expenses 1016 ($7.6M) Net assets 217 ($8.0M)
2019202020212022202320242025
Revenue (186)Expenses (1016)Net assets (217)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $3.8M to $6.5M (+71%).

$3.8M
$6.5M
$8.3M
$8.6M
$9.0M
$7.4M
$8.1M
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

97% of The Constellation Fund’s revenue is contributions — more donation-reliant than the typical peer (82% for the typical peer).

This organization
Typical peer · 3,052 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.

$3.7M
’19
$2.7M
’20
$1.8M
’21
−$785k
’22
$1.2M
’23
−$1.3M
’24
$713k
’25
8.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Tim Welsh

Board Chairperson

As listed on its FY2025 Form 990.

2019202020212022202320242025
Listed9111519172022
Joined·+2+5+4+3+5+4
No longer listed·010522
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 2 funders to 43 funders, grant income rose $150k → $3.6M.

17 of 68 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of The Constellation Fund’s funders (the co-funder graph). Top 30 of 68 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

The Constellation Fund has a broad base — no single funder exceeds 23% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

30% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund The Constellation Fund.

23%
largest funder
45%
top three
~11
effective funders

Largest funder’s share by year: 2018 67% · 2019 25% · 2020 37% · 2021 31% · 2022 25% · 2023 25% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

75% of The Constellation Fund's funders are still giving 3 years after their first grant; 79% give in more than one year at all.

first grant+1y+2y+3y+4y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

64% of The Constellation Fund's grant income comes from Minnesota funders.

MN
WI
NY
NV
CA
DE
AZ
NC
FL

In-state vs out-of-state, by year

’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $6.6M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

The Constellation Fund is better cushioned than half of the 1,504 philanthropy nonprofits its size.

Operating margin9% · below the median
Months of reserve8.5mo · above the median
Revenue growth (annualized)11% · above the median

this organization peer median middle 50% of peers· 1,504 philanthropy nonprofits $1M–$10M, FY2025

Organizations like The Constellation Fund

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 8%Fundraising 6%

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

71%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for The Constellation Fund: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds The Constellation Fund?
The Constellation Fund (Minnesota) receives grants from 68 organizations whose IRS filings report $22,302,801 to it, the largest being LYNNE & ANDREW REDLEAF FOUNDATION ($5,107,250). 54 of them have funded it in more than one year.
How many funders does The Constellation Fund have?
IRS filings report 68 organizations giving $22,302,801 in grants to The Constellation Fund, 54 of which have funded it in more than one year.
Who is the largest funder of The Constellation Fund?
LYNNE & ANDREW REDLEAF FOUNDATION is the largest funder on record, with $5,107,250 in grants. The full list of funders is on this page.
How can an organization like The Constellation Fund find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 68 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing