St Louis Park Friends of the Arts

Analysis

St Louis Park Friends of the Arts is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in January 1997, 29 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, St Louis Park Friends of the Arts reported income of $120k and spending of $109k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $120k (+11%), an average of +10% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Louis Park Friends of the Arts sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Cultural Heritage Research Inc ($120k), Metro Theater Center Foundation ($120k) and Waterloo Arts ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. At year end it held assets of $100k against liabilities of $125, net assets of $99k.