Bemidji Community Arts Council Inc

Analysis

Bemidji Community Arts Council Inc is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in February 1977, 49 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, Bemidji Community Arts Council Inc reported income of $486k and spending of $529k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $486k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bemidji Community Arts Council Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Mounds Senior Citizens Incorporated ($486k), Cincinnati Therapeutic Riding and Horsemanship ($486k) and Latin Songwriters Hall of Fame Inc ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $39k (7.3% of expenses). Other salaries and wages came to $147k. At year end it held assets of $2.7m against liabilities of $210k, net assets of $2.5m. It reported 6 employees.