Minnesota Masonic Historic Buildings

Analysis

Minnesota Masonic Historic Buildings is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 2016, 10 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, Minnesota Masonic Historic Buildings reported income of $77k and spending of $152k, spending 198% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $3,280 to $77k (+2245%), an average of +120% a year. The sharpest change came in the year to June 2021, when income dropped by 1171%. Over the whole period it spent 224% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Masonic Historic Buildings sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Reno Jazz Orchestra ($77k), Hardwick Community Television Inc ($77k) and Filarmonica Artista Amadora de San Leandro ($77k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.6m against liabilities of $362k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.