The Basilica Landmark

Analysis

The Basilica Landmark 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 (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, The Basilica Landmark reported income of $3.2m and spending of $2.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.2m (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 243%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Basilica Landmark sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Powerhouse Arts Inc ($3.2m), International Critical Incident Stress Foundation Inc ($3.2m) and PMML North Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $11.2m against liabilities of $269k, net assets of $10.9m.