Minnesota Knitters Guild

Analysis

Minnesota Knitters Guild is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2014, 12 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 Knitters Guild reported income of $69k and spending of $73k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $69k (+11%), an average of +11% a year. Over the whole period it spent 95% 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 Knitters Guild sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Alabama Initiative for Independent Journalism Inc ($69k), Marshall County Arts Commission Inc ($69k) and Passenger Vessel Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 68% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.