St Paul Neighborhood Network

Analysis

St Paul Neighborhood Network is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1986, 40 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, St Paul Neighborhood Network reported income of $1.4m and spending of $1.8m, spending 124% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.8m to $1.4m (-22%), an average of -6.0% a year. The sharpest change came in the year to April 2023, when income dropped by 28%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Paul Neighborhood Network sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Kentucky Railway Museum Inc ($1.4m), Prescott Park Arts Festival Inc ($1.4m) and Robert C Maynard Institute for Journalism Education ($1.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $86k (4.8% of expenses). Other salaries and wages came to $726k. At year end it held assets of $1.4m against liabilities of $634k, net assets of $741k. It reported 49 employees.