Hennepin History Museum

Analysis

Hennepin History Museum is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1945, 81 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, Hennepin History Museum reported income of $468k and spending of $434k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $488k to $468k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hennepin History Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Cityspace Inc ($468k), Susquehanna Art Museum ($468k) and Jewish History Museum ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $184k. At year end it held assets of $94k against liabilities of $23k, net assets of $71k. It reported 10 employees.