Weavers Guild of Minnesota Inc

Analysis

Weavers Guild of Minnesota Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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, Weavers Guild of Minnesota Inc reported income of $324k and spending of $398k, spending 123% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $305k to $324k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Weavers Guild of Minnesota Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Centennial Basketball Association ($324k), International Association for the Study of Dreams ($324k) and Church in Mission Inc ($324k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 41% of the total. Other salaries and wages came to $155k. At year end it held assets of $330k against liabilities of $36k, net assets of $294k. It reported 3 employees.