Minnesota Genealogical Society

Analysis

Minnesota Genealogical Society is a registered charity in United States, based in Mendota HTS, MN. It received its IRS tax-exemption ruling in December 1991, 35 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 Genealogical Society reported income of $112k and spending of $309k, spending 277% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $112k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Genealogical Society sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Mission Projects Fellowship Inc ($112k), Cpr-Aed Public Awareness & Training Network Inc ($112k) and Lawrenceville Fire Company Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 28% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.8m against liabilities of $6,308, net assets of $1.8m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.