Hopkins Raspberry Festival

Analysis

Hopkins Raspberry Festival is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in August 2026. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 October 2023, Hopkins Raspberry Festival reported income of $66k and spending of $92k, spending 138% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $86k to $66k (-23%), an average of -6.2% a year. The sharpest change came in the year to October 2023, when income dropped by 41%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hopkins Raspberry Festival sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Downtown Oxford Economic Development Corporation ($66k), Senior Alliance 65 ($66k) and Hub Civic Center Inc ($66k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 30% and program service revenue 47% of the total. At year end it held assets of $195k against liabilities of $50, net assets of $195k. It reported 11 employees.