The Film Society of Minneapolis St Paul

Analysis

The Film Society of Minneapolis St Paul is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Film Society of Minneapolis St Paul reported income of $2.0m and spending of $2.3m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 94% 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 Film Society of Minneapolis St Paul sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include New Bedford Light ($2.0m), Innovate Mississippi ($2.0m) and Shirley Proctor Puller Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $135k (5.8% of expenses). Other salaries and wages came to $491k. At year end it held assets of $4.2m against liabilities of $3.7m, net assets of $578k. It reported 34 employees.