Greater Bemidji Inc

Analysis

Greater Bemidji Inc is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Greater Bemidji Inc reported income of $2.4m and spending of $1.7m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 130%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Bemidji Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Ascension Seton Williamson Foundation ($2.4m), Greater Reno Community Ice Skating Association ($2.4m) and Cornerstone Child Development Center Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $178k (11% of expenses). Other salaries and wages came to $60k. At year end it held assets of $7.9m against liabilities of $954k, net assets of $6.9m. It reported 4 employees.