Listening Point Foundation Inc

Analysis

Listening Point Foundation Inc is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Listening Point Foundation Inc reported income of $126k and spending of $128k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $126k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Listening Point Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Wallingford Symphony Society Inc ($126k), Orangeburg County Fine Arts Center ($126k) and Molokai Arts Center Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $48k (37% of expenses). At year end it held assets of $1.3m against liabilities of $1,988, net assets of $1.3m. It reported 2 employees.