Minnesingers Parents Group Inc

Analysis

Minnesingers Parents Group Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Minnesingers Parents Group Inc reported income of $57k and spending of $52k, spending 91% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $26k to $57k (+116%), an average of +47% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesingers Parents Group Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Massachusetts Junior Classical League Inc ($57k), The Ridgewood Art Institute Inc ($57k) and Dtasc ($57k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 8.8% and program service revenue 11% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.