Minnesota Beethoven Festival

Analysis

Minnesota Beethoven Festival is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in March 2009, 17 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 August 2023, Minnesota Beethoven Festival reported income of $612k and spending of $625k, spending 102% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $263k to $612k (+133%), an average of +33% a year. The sharpest change came in the year to August 2022, when income rose by 132%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Beethoven Festival sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Bedford Historical Society ($612k), Stoneham Community Access Inc ($612k) and Ninth Street Media Consortium Inc ($612k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $34k (5.4% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.2m against liabilities of $960, net assets of $1.2m. It reported 19 employees.