Saint Paul Festival and Heritage Foundation

Analysis

Saint Paul Festival and Heritage Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1995, 31 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 May 2024, Saint Paul Festival and Heritage Foundation reported income of $911k and spending of $795k, spending 87% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $1.1m to $911k (-15%), an average of -3.2% a year. The sharpest change came in the year to May 2020, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saint Paul Festival and Heritage Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Out of Hand Theater Inc ($910k), Lexington Childrens Museum Inc ($911k) and Frank Lloyd Wright Building Conservancy ($910k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 32% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $34k. At year end it held assets of $676k against liabilities of $117k, net assets of $559k. It reported 37 employees.