Brainerd Lakes BMX Association Inc

Analysis

Brainerd Lakes BMX Association Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in March 1988, 38 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 December 2023, Brainerd Lakes BMX Association Inc reported income of $79k and spending of $66k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $79k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brainerd Lakes BMX Association Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Pharmacists Mutual Foundation Inc ($79k), Little League Baseball Inc ($79k) and Music for Movements Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. At year end it held assets of $187k against liabilities of $2,538, net assets of $185k.