Franconia Sculpture Park

Analysis

Franconia Sculpture Park is a registered charity in United States, based in Shafer, MN. It received its IRS tax-exemption ruling in July 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, Franconia Sculpture Park reported income of $902k and spending of $706k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $902k (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franconia Sculpture Park sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Angel City Chorale ($902k), Southern Political Science Association Inc ($902k) and The National Center for Frontier Communities ($902k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Other salaries and wages came to $222k. At year end it held assets of $3.6m against liabilities of $460k, net assets of $3.2m. It reported 9 employees.