Minnesota Center for Book Arts

Analysis

Minnesota Center for Book Arts is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Minnesota Center for Book Arts reported income of $1.1m and spending of $982k, spending 87% of its income. Across the 3 years on record, from April 2021 to April 2023, income grew from $733k to $1.1m (+54%), an average of +24% a year. The sharpest change came in the year to April 2022, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Center for Book Arts sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Di Rosa Preserve ($1.1m), Watershed NP Inc ($1.1m) and Houston Architecture Foundation ($1.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $334k. At year end it held assets of $1.1m against liabilities of $489k, net assets of $577k. It reported 15 employees.