European Christmas Market

Analysis

European Christmas Market is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2017, 9 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 February 2024, European Christmas Market reported income of $753k and spending of $593k, leaving 21% of income unspent that year. Across the 5 years on record, from February 2019 to February 2024, income grew from $127k to $753k (+492%), an average of +56% a year. The sharpest change came in the year to February 2023, when income rose by 91%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, European Christmas Market sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Ballet Quad Cities ($753k), Pelham Art Center Inc ($753k) and Collegiate Network Inc ($753k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 14% and program service revenue 30% of the total. Other salaries and wages came to $149k. At year end it held assets of $352k against liabilities of $0, net assets of $352k.