American Swedish Institute

Analysis

American Swedish Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1942, 84 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 September 2023, American Swedish Institute reported income of $6.6m and spending of $6.3m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $6.6m (+41%), an average of +9.1% a year. The sharpest change came in the year to September 2022, when income rose by 400%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Swedish Institute sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Pacific Neuroscience Institute Foundation ($6.6m), Lyric Opera of Kansas City Inc ($6.7m) and Abt Performing Arts Association Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $475k (7.5% of expenses). At year end it held assets of $60.3m against liabilities of $7.4m, net assets of $52.9m. It reported 100 employees.