Minnesota Humanities Center

Analysis

Minnesota Humanities Center is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1979, 47 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 October 2022, Minnesota Humanities Center reported income of $4.4m and spending of $9.3m, spending 214% of what it took in. Across the 4 years on record, from October 2019 to October 2022, income fell from $9.9m to $4.4m (-56%), an average of -24% a year. The sharpest change came in the year to October 2021, when income rose by 557%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Humanities Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Maritime Academy of Toledo Inc ($4.4m), Burleigh County Council on Aging ($4.4m) and Madison Park Housing Inc ($4.4m).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $520k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $16.2m against liabilities of $607k, net assets of $15.5m. It reported 36 employees.