Minnpost

Analysis

Minnpost is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2007, 19 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 December 2023, Minnpost reported income of $2.3m and spending of $1.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.3m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnpost sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include John & Mable Ringling Museum of Art Foundation ($2.3m), Emelin Theatre for the Performing Arts Inc ($2.3m) and Long Beach Museum of Art Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $248k (13% of expenses). Other salaries and wages came to $933k. At year end it held assets of $1.7m against liabilities of $163k, net assets of $1.5m. It reported 19 employees.