Minnesota Museum of Mining

Analysis

Minnesota Museum of Mining is a registered charity in United States, based in Chisholm, MN. It received its IRS tax-exemption ruling in July 1957, 69 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 December 2023, Minnesota Museum of Mining reported income of $66k and spending of $33k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $66k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Museum of Mining sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Art Deco Society of Los Angeles ($66k), PTA Florida Congress ($66k) and International Wizard of Oz Club ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 30% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.