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Philanthropy & Grantmaking (T70I) IRS Verified DX Registered 990 on File

BEST BUY FOUNDATION

EIN: 41-1784382 · RICHFIELD, MN 55423-3645 · United States · FY 2025 Data
3 out of 5 54 / 100 Based on 2+ years of filings
Financial strength (30%) 84/100
Reliability (20%) 55/100
Effectiveness (25%) 73/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$22.4M
Total Revenue
$23.9M
Total Expenses
$59.2M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.8%
Fundraising Efficiency N/A
Operating Reserve 29.74x
Liability-to-Asset 0.1%
Revenue Diversification 88.0%
Executive Compensation $0
Compared with Peers
FY 2025
Compared with 314 similar organizations (United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
76.8% 91.1%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
29.7 mo 26.8 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.1% 6.4%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
88.0% 91.7%
P10P90
Above median
Revenue growth
Year over year revenue growth
0.6% 5.3%
P10P90
Expense growth
Year over year expense growth
20.6% 7.1%
P10P90
Surplus margin
Surplus as a share of revenue
-6.5% 3.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $22.4M $23.9M $59.2M 76.8% —
2024 $22.3M $19.8M $60.6M 69.0% —
2023 $20.0M $18.8M $58.1M 74.6% —
2022 $22.1M $11.7M $56.9M 90.7% —
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Organization Details
EIN
41-1784382
State
MN
City
RICHFIELD
ZIP
55423-3645
Classification
T70I
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Foundation Code
4
Form 990
On File
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