Citizens for Backus Ab

Analysis

Citizens for Backus Ab is a registered charity in United States, based in Intl Falls, MN. It received its IRS tax-exemption ruling in June 2003, 23 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, Citizens for Backus Ab reported income of $665k and spending of $671k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $673k to $665k (-1.2%), an average of -0.3% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Citizens for Backus Ab sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Friends of the Record Company Inc ($665k), Marin Museum of Contemporary Art ($665k) and The Choir School of Delaware Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $55k (8.3% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.5m against liabilities of $431k, net assets of $1.0m. It reported 19 employees.