Patrons of the Arts in the Vatican Museums Minnesota

Analysis

Patrons of the Arts in the Vatican Museums Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2001, 25 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 December 2023, Patrons of the Arts in the Vatican Museums Minnesota reported income of $212k and spending of $217k, spending 103% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $206k to $212k (+2.6%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patrons of the Arts in the Vatican Museums Minnesota sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Palette Masque and Lyre ($212k), Unscripted Project ($212k) and Ventura Audubon Society ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $214k against liabilities of $174k, net assets of $40k.