Open Arts Minnesota

Analysis

Open Arts Minnesota is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in October 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 December 2023, Open Arts Minnesota reported income of $108k and spending of $95k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $108k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Open Arts Minnesota sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Arlington Historical Society Inc ($108k), Sunflower Rod and Custom Association ($108k) and Midland High School Music Parents Association ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.