Minnesota Astronomical Society

Analysis

Minnesota Astronomical Society is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 2023, Minnesota Astronomical Society reported income of $62k and spending of $38k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $62k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Astronomical Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Florida Regional Service Office Inc ($62k), Yucatan Peninsula Christian Mission ($62k) and East Bay Korean-American Senior Services Center ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.