Big Island Rendezvous and Festival Inc

Analysis

Big Island Rendezvous and Festival Inc is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 January 2024, Big Island Rendezvous and Festival Inc reported income of $98k and spending of $94k, spending 96% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $80k to $98k (+22%), an average of +5.1% a year. The sharpest change came in the year to January 2022, when income rose by 423%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Big Island Rendezvous and Festival Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include T1d Exchange Inc ($98k), Watch Hill Improvement Society ($98k) and Sappington House Foundation ($98k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $4,886 against liabilities of $97k, net assets of -$92k.