Minnesota Quilters Inc

Analysis

Minnesota Quilters Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Minnesota Quilters Inc reported income of $325k and spending of $377k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $443k to $325k (-27%), an average of -7.4% a year. The sharpest change came in the year to September 2021, when income rose by 175%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Quilters Inc 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 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include YMCA Foundation of South Palm Beach County Inc ($325k), Stage Door Dance Company ($325k) and Edina Football Association ($325k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.3% and program service revenue 76% of the total. Other salaries and wages came to $89k. At year end it held assets of $194k against liabilities of $21k, net assets of $173k. It reported 4 employees.