Minnesota Philharmonic Orchestra

Analysis

Minnesota Philharmonic Orchestra is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 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 July 2023, Minnesota Philharmonic Orchestra reported income of $133k and spending of $116k, spending 87% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $106k to $133k (+25%), an average of +25% a year. The sharpest change came in the year to July 2023, when income rose by 25%. Over the whole period it spent 84% 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 Philharmonic Orchestra sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Cinema Detroit ($133k), Lakes Region Model Train Museum ($133k) and Nia Theatrical Production Company Incorporated ($133k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. At year end it held assets of $94k against liabilities of $306, net assets of $93k.