Minnesota Street Project Foundation

Analysis

Minnesota Street Project Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2020, 6 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, Minnesota Street Project Foundation reported income of $781k and spending of $2.7m, spending 341% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $276k to $781k (+183%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 499%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Street Project Foundation 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 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Spacetec Partners Inc ($781k), Fresh Artists ($781k) and Prairie Lakes Regional Arts Council Inc ($781k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $159k (6.0% of expenses). Other salaries and wages came to $325k. At year end it held assets of $2.3m against liabilities of $3.5m, net assets of -$1.2m. It reported 4 employees.