Duluth Makerspace

Analysis

Duluth Makerspace is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Duluth Makerspace reported income of $102k and spending of $68k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $102k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Duluth Makerspace sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Northwest Kenyan Community Association ($102k), Colorful Creatives ($102k) and Northwest Alliance for Psychoanalytic Studies ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 20% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.