Indian Music Society Ofminnesota

Analysis

Indian Music Society Ofminnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 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 December 2023, Indian Music Society Ofminnesota reported income of $87k and spending of $68k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $87k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indian Music Society Ofminnesota sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Friends of Loudoun County Mental Health Inc ($87k), Paso Del Norte Streetcar Preservation Society Inc ($87k) and Northern California Branch of the International Dyslexia Association ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.