Hmong Museum of Minnesota

Analysis

Hmong Museum of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, Hmong Museum of Minnesota reported income of $81k and spending of $113k, spending 140% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $25k to $81k (+227%), an average of +81% a year. The sharpest change came in the year to June 2022, when income rose by 238%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hmong Museum of Minnesota sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Central States Archeological Societies Inc ($81k), Pratt County Historical Society Inc ($81k) and Ypsilanti Ladies Literary House Foundation ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. At year end it held assets of $88k against liabilities of $12, net assets of $88k.