Minnesota Bluegrass and Old Time Music Association

Analysis

Minnesota Bluegrass and Old Time Music Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 September 2023, Minnesota Bluegrass and Old Time Music Association reported income of $306k and spending of $301k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $282k to $306k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to September 2021, when income rose by 173%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Bluegrass and Old Time Music Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Norwalk Arts Center LLC ($306k), Ash Tree Organization ($306k) and Sav-A-Life Troy Inc ($306k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. At year end it held assets of $333k against liabilities of $7,109, net assets of $326k.