Charity Search / MINNESOTA MARINE ART MUSEUM
Arts, Culture & Humanities (A54) 990 on File

MINNESOTA MARINE ART MUSEUM

EIN: 72-1580723 · WINONA, MN 55987-2272 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$1.6M
Total Revenue
$2.2M
Total Expenses
$26.4M
Net Assets
26
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.4%
Fundraising Efficiency N/A
Operating Reserve 141.95x
Liability-to-Asset 0.3%
Revenue Diversification 42.8%
Executive Compensation $111K
Compared with Peers
FY 2023
Compared with 4,647 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.4% 77.9%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
8.8% 14.6%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.9% 5.5%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
142.0 mo 16.8 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.3% 10.7%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
42.8% 74.6%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
19.1% 3.5%
P10P90
Expense growth
Year over year expense growth
40.3% 13.1%
P10P90
Surplus margin
Surplus as a share of revenue
-39.6% -0.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $1.6M $2.2M $26.4M 87.4% 26
2022 $1.3M $1.6M $26.6M 86.4% 18
2021 $1.6M $1.2M N/A 14
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Organization Details
EIN
72-1580723
State
MN
City
WINONA
ZIP
55987-2272
Classification
A54
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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