Military Historical Society of Minnesota Inc

Analysis

Military Historical Society of Minnesota Inc is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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 June 2023, Military Historical Society of Minnesota Inc reported income of $1.5m and spending of $453k, leaving 70% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $173k to $1.5m (+785%), an average of +107% a year. The sharpest change came in the year to June 2021, when income rose by 1768%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Military Historical Society of Minnesota Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Kalmar Nyckel Foundation ($1.5m), Bridgeway Foundation ($1.5m) and The Hyland Hills Junior Hockey Association ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $90k (20% of expenses). Other salaries and wages came to $130k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 6 employees.