Scandinavian Heritage Association Inc

Analysis

Scandinavian Heritage Association Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in February 1989, 37 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, Scandinavian Heritage Association Inc reported income of $83k and spending of $124k, spending 149% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $70k to $83k (+19%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scandinavian Heritage Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 23rd percentile within ND. Charities of a similar size with the same main cause include San Mateo Co Chinese School ($83k), FDL CT Inc ($83k) and Allied Arts Association of Cambria ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $15k. At year end it held assets of $604k against liabilities of $3,575, net assets of $600k. It reported 4 employees.