Central Lakes Concert Association

Analysis

Central Lakes Concert Association is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2024, Central Lakes Concert Association reported income of $62k and spending of $55k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $38k to $62k (+62%), an average of +62% a year. The sharpest change came in the year to June 2024, when income rose by 62%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Lakes Concert Association sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Mov2go Foundation ($62k), Sibyl Temple Foundation Inc ($62k) and Faribault Community T V and Multimedia Center ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.