Economic Club of Minnesota

Analysis

Economic Club of Minnesota is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover social science, 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 June 2024, Economic Club of Minnesota reported income of $346k and spending of $406k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $552k to $346k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Economic Club of Minnesota sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Musiqa ($346k), Center for Contemporary Arts ($346k) and Museum of Durham History Inc ($346k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $141k (35% of expenses). Other salaries and wages came to $67k. At year end it held assets of $692k against liabilities of $4,687, net assets of $687k. It reported 2 employees.