Czech and Slovak Sokol Minnesota

Analysis

Czech and Slovak Sokol Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1953, 73 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 2022, Czech and Slovak Sokol Minnesota reported income of $132k and spending of $155k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $328k to $132k (-60%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Czech and Slovak Sokol Minnesota sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include The Moving Company ($132k), Traditional Arts Today Inc ($132k) and 51 Walden Inc ($132k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 10% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.4m against liabilities of $16k, net assets of $1.4m. It reported 16 employees.