New Ulm Turnverein

Analysis

New Ulm Turnverein is a registered charity in United States, based in New Ulm, MN. It received its IRS tax-exemption ruling in June 1947, 79 years ago. 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 June 2023, New Ulm Turnverein reported income of $484k and spending of $389k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $190k to $484k (+154%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 238%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Ulm Turnverein sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Richardson Childrens Theatre Incorporated ($484k), Northland Area Family Service Center ($484k) and Junior Achievement of Western Massachusetts ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 16 employees.