Minnesota Transportation Museum Inc

Analysis

Minnesota Transportation Museum Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Minnesota Transportation Museum Inc reported income of $1.7m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $676k to $1.7m (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Transportation Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Renfrew Committee Inc ($1.7m), Seattle Jazzed ($1.7m) and Paramount Theatre for the Performing Arts Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 52% of the total. Other salaries and wages came to $205k. At year end it held assets of $8.3m against liabilities of $464k, net assets of $7.8m. It reported 9 employees.