Big Stone Area Growth

Analysis

Big Stone Area Growth is a registered charity in United States, based in Ortonville, MN. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Big Stone Area Growth reported income of $101k and spending of $104k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $140k to $101k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Big Stone Area Growth sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Itasca-Mantrap Co-Op Electricalassn Trust ($101k), Reaching Up ($101k) and Colorado Academy of Family Physicians Foundation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $424k against liabilities of $0, net assets of $424k.