Friends of the Minnesota Sinfonia

Analysis

Friends of the Minnesota Sinfonia is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1994, 32 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 September 2023, Friends of the Minnesota Sinfonia reported income of $325k and spending of $372k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $460k to $325k (-29%), an average of -8.3% a year. The sharpest change came in the year to September 2020, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Minnesota Sinfonia sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Oceanarium and Education Center ($325k), Sports Administration Inc ($325k) and Rayes Mustard Mil Museum ($325k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $28k. At year end it held assets of $550k against liabilities of $750, net assets of $550k. It reported 1 employees.