Filmnorth

Analysis

Filmnorth is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 1988, 38 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 December 2023, Filmnorth reported income of $3.9m and spending of $1.6m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $560k to $3.9m (+593%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 389%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filmnorth sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Massautonomy Inc ($3.9m), Pearson Lakes Art Center ($3.9m) and Densho ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $102k (6.4% of expenses). Other salaries and wages came to $186k. It paid $21k in professional fundraising fees. At year end it held assets of $4.9m against liabilities of $1.6m, net assets of $3.2m. It reported 6 employees.