Minnesota Fringe Festival

Analysis

Minnesota Fringe Festival is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Minnesota Fringe Festival reported income of $666k and spending of $602k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $681k to $666k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to September 2021, when income rose by 156%. Over the whole period it spent 97% 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 Fringe Festival sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Ghiberti Foundation ($666k), Gwichin Steering Committee ($666k) and Griot Arts Inc ($666k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $134k. At year end it held assets of $434k against liabilities of $206k, net assets of $228k. It reported 36 employees.