Success Institute

Analysis

Success Institute is a registered charity in United States, based in Minneapolis, 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 2022, Success Institute reported income of $2.1m and spending of $2.6m, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $677k to $2.1m (+217%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 543%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Success Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Pikes Peak Auto Hill Climb Educational Museum Inc ($2.1m), Philharmonia Baroque Orchestra & Chorale ($2.1m) and Pacific Crest Youth Arts Organization ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $195k (7.5% of expenses). At year end it held assets of $1.8m against liabilities of $99k, net assets of $1.7m. It reported 21 employees.