Upper Midwest Film Office

Analysis

Upper Midwest Film Office is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Upper Midwest Film Office reported income of $1.6m and spending of $1.2m, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $325k to $1.6m (+388%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upper Midwest Film Office sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Community Health and Education Foundation ($1.6m), Norwalk Acts Inc ($1.6m) and Virginias Gateway Region Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $201k. At year end it held assets of $464k against liabilities of $60k, net assets of $404k. It reported 3 employees.