Minerva West

Analysis

Minerva West is a registered charity in United States, based in Ridgway, CO. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minerva West reported income of $73k and spending of $84k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $73k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minerva West sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 25th percentile within CO. Charities of a similar size with the same main cause include Artisans of Mount Dora Inc ($73k), Rainbow Seniors Roc Inc ($73k) and Good Medicine Productions ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $4,664 against liabilities of $2,837, net assets of $1,827.