Minnesota Masterpiece Hall

Analysis

Minnesota Masterpiece Hall is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in October 2022, 4 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 Masterpiece Hall reported income of $45.9m and spending of $214k, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40.4m to $45.9m (+14%), an average of +14% a year. Over the whole period it spent 0.3% 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 Masterpiece Hall sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include North Carolina Performing Arts Center at Charlotte Foundation ($45.7m), Parallax Advanced Research Corp ($46.0m) and Center Theatre Group of Los Angeles ($45.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $72k. At year end it held assets of $89.1m against liabilities of $1.6m, net assets of $87.5m. It reported 2 employees.