Tibetan American Foundation of Minnesota Inc

Analysis

Tibetan American Foundation of Minnesota Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1992, 34 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, Tibetan American Foundation of Minnesota Inc reported income of $527k and spending of $470k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $527k (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 69%. 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, Tibetan American Foundation of Minnesota Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Bluebird Cultural Initiative ($526k), Roswell Arts Fund Inc ($527k) and Campus Theatre Limited ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 63% of the total. Other salaries and wages came to $88k. At year end it held assets of $2.1m against liabilities of $103k, net assets of $2.0m. It reported 28 employees.