Greater Mankato Diversity Council

Analysis

Greater Mankato Diversity Council is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in June 2006, 20 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 June 2023, Greater Mankato Diversity Council reported income of $141k and spending of $166k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $219k to $141k (-36%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Mankato Diversity Council sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include North Carolina Chamber Music Institute ($141k), Chittenango Landing Canal Boat Museum ($141k) and Aspiring Attitudes Inc ($141k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $49k against liabilities of $6,260, net assets of $43k.