Sturgeon Bay Visitor & Convention Bureau Inc

Analysis

Sturgeon Bay Visitor & Convention Bureau Inc is a registered charity in United States, based in Sturgeon Bay, WI. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sturgeon Bay Visitor & Convention Bureau Inc reported income of $606k and spending of $764k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $606k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 196%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sturgeon Bay Visitor & Convention Bureau Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Looking Above and Beyond Inc ($605k), United Way of Yavapai County Inc ($606k) and Headwaters Charitable TR ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $70k (9.2% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.1m against liabilities of $403k, net assets of $716k. It reported 6 employees.