Minnesota Federation of Music Clubs Inc

Analysis

Minnesota Federation of Music Clubs Inc is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, Minnesota Federation of Music Clubs Inc reported income of $54k and spending of $50k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $54k (-4.1%), an average of -4.1% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Federation of Music Clubs Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($54k), South Elementary School PTA ($54k) and Little League Baseball Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 59% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.