Iraq-Mn Art Project

Analysis

Iraq-Mn Art Project is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iraq-Mn Art Project reported income of $82k and spending of $117k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $82k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iraq-Mn Art Project sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include American Human Rights Council Inc Ahrc ($82k), Lithuanian Childrens Hope ($82k) and Borderless Brigade ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.