Kulture Klub Collaborative

Analysis

Kulture Klub Collaborative is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2002, 24 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 September 2023, Kulture Klub Collaborative reported income of $230k and spending of $286k, spending 124% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $254k to $230k (-9.2%), an average of -3.2% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kulture Klub Collaborative sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include North Lincoln High School Band Boosters Association Inc ($230k), Chuck Jones Center for Creativity ($230k) and Father Matters Inc ($230k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $70k (25% of expenses). Other salaries and wages came to $91k. At year end it held assets of $155k against liabilities of $938, net assets of $154k. It reported 5 employees.