Thai Cultural Council of Minnesota St Louis Park

Analysis

Thai Cultural Council of Minnesota St Louis Park is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in May 2023, 3 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, Thai Cultural Council of Minnesota St Louis Park reported income of $88k and spending of $118k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $88k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thai Cultural Council of Minnesota St Louis Park sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Iris Foundation ($88k), Alaska Veterans Museum ($88k) and Academy Booster Club of Columbus Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $2,308 against liabilities of $16k, net assets of -$14k.