Bakken Trio

Analysis

Bakken Trio is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Bakken Trio reported income of $64k and spending of $69k, spending 108% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $38k to $64k (+68%), an average of +68% a year. The sharpest change came in the year to May 2023, when income rose by 68%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bakken Trio 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 25th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Pomerene Center for the Arts Inc ($64k), Pierrot Chamber Music Festival Inc ($64k) and Heritage Arts and Science Center Inc ($64k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 88% and program service revenue 14% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.