Minnesota Street Car Museum

Analysis

Minnesota Street Car Museum is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2005, 21 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, Minnesota Street Car Museum reported income of $169k and spending of $168k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $290k to $169k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 71% 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 Street Car Museum sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Creative Center for Childhood Research & Training Inc ($169k), Barn Opera Inc ($169k) and Oracle Piano Society ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. At year end it held assets of $3.5m against liabilities of $166k, net assets of $3.4m.