Great Northern Winter Festival

Analysis

Great Northern Winter Festival is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2018, 8 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, Great Northern Winter Festival reported income of $804k and spending of $983k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $336k to $804k (+139%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Great Northern Winter Festival 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 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Sailing Ships Maine ($804k), Young Womens Choral Projects ($804k) and Ethos Inc ($804k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $141k (14% of expenses). Other salaries and wages came to $150k. At year end it held assets of $145k against liabilities of $22k, net assets of $123k. It reported 4 employees.