Minnesota Boychoir

Analysis

Minnesota Boychoir is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1977, 49 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 June 2023, Minnesota Boychoir reported income of $570k and spending of $526k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $440k to $570k (+29%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Boychoir sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Visual Arts Foundation Inc ($570k), Aspen Junior Hockey Inc ($570k) and Let It Ripple Inc ($569k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $109k (21% of expenses). Other salaries and wages came to $177k. It paid $43 in professional fundraising fees. At year end it held assets of $274k against liabilities of $58k, net assets of $215k. It reported 5 employees.