Minnesota Brass Incorporated

Analysis

Minnesota Brass Incorporated is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Minnesota Brass Incorporated reported income of $244k and spending of $276k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $214k to $244k (+14%), an average of +3.3% a year. The sharpest change came in the year to October 2023, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Brass Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Friends of the Library of Los Altos and Community Inc ($244k), Young Money Finances ($244k) and Kalamazoo Experiential Learning Center ($244k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 77% and program service revenue 2.6% of the total. At year end it held assets of $770k against liabilities of $0, net assets of $770k.