The Germanic-American Institute

Analysis

The Germanic-American Institute is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 1994, 32 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 2024, The Germanic-American Institute reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.7m (+18%), an average of +4.2% a year. Over the whole period it spent 96% 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 Germanic-American Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include San Francisco Arts Education Project ($1.7m), American Cabaret Theatre Inc ($1.7m) and Highpoint Center for Printmaking ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $77k (4.4% of expenses). Other salaries and wages came to $940k. At year end it held assets of $1.1m against liabilities of $219k, net assets of $842k. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.