Southeast Minnesota Bluegrass Association Inc

Analysis

Southeast Minnesota Bluegrass Association Inc is a registered charity in United States, based in Rushford, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southeast Minnesota Bluegrass Association Inc reported income of $62k and spending of $45k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $9,879 to $62k (+523%), an average of +523% a year. The sharpest change came in the year to December 2023, when income rose by 523%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeast Minnesota Bluegrass Association Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Nick Lowery Youth Foundation ($62k), West Franklin Historical District and Silkwood Inn Museum Inc ($62k) and Arts Alliance Mountain Empire ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 41% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.