Foci Minnesota Center for Glass Arts

Analysis

Foci Minnesota Center for Glass Arts is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foci Minnesota Center for Glass Arts reported income of $747k and spending of $838k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $721k to $747k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foci Minnesota Center for Glass Arts sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Wambli Ska Society ($747k), Theatre of Western Springs ($747k) and Climate Solutions Foundation Inc ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $64k (7.6% of expenses). Other salaries and wages came to $286k. At year end it held assets of $993k against liabilities of $875k, net assets of $118k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.