Minnesota Masonic Historical Society and Museum

Analysis

Minnesota Masonic Historical Society and Museum is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 1994, 32 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, Minnesota Masonic Historical Society and Museum reported income of $426k and spending of $1.8m, spending 422% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $520k to $426k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 700% 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 Masonic Historical Society and Museum sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Lincoln Theatre Inc ($426k), Docomomo US ($426k) and Little Italy San Jose Foundation ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Other salaries and wages came to $283k. At year end it held assets of $20.1m against liabilities of $17.6m, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.