Iraq-mn Art Project is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2011, with $80,024 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$80K
▼ 2.3% vs prior year
International median: $227K
Expenses (FY2024)
$69K
Net assets
$64K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iraq-mn Art Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iraq-mn Art Project: 11 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Iraq-mn Art Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iraq-mn Art Project: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $60K (FY2021) to $80K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
13.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$64K
Total liabilities
$0
Net assets
$64K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,024▼2.3% | $69,152▼40.7% | $63,515▲20.8% | $63,515▲20.8% | 990EZ |
| 2023 | $81,900▼53.4% | $116,698▼5.5% | $52,575▼39.8% | $52,575▼39.8% | 990EZ |
| 2022 | $175,785▲194% | $123,508▲89.7% | $87,373▲149% | $87,373▲131% | 990EZ |
| 2021 | $59,751 | $65,111 | $35,096 | $37,877 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Iraq-mn Art Project (EIN 26-0545027) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.