Russian Educational Center of Minnesota

Analysis

Russian Educational Center of Minnesota is a registered charity in United States, based in Farmington, MN. It received its IRS tax-exemption ruling in January 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Russian Educational Center of Minnesota reported income of $52k and spending of $56k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $58k to $52k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Russian Educational Center of Minnesota sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Lake Placid Olympic Museum ($52k), Namron Players Theatre Incorporated ($52k) and Deer Isle-Stonington Historical Society Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.