Needlework Guild of Minnesota

Analysis

Needlework Guild of Minnesota is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in June 1980, 46 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 May 2024, Needlework Guild of Minnesota reported income of $90k and spending of $87k, spending 96% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $79k to $90k (+13%), an average of +13% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needlework Guild of Minnesota sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include PTA Alabama Congress ($90k), Friends of Paws in Prison Inc ($90k) and Plumas County Search and Rescue Corporation ($90k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 34% and program service revenue 59% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.