Business Arts and Recreation Center Inc

Analysis

Business Arts and Recreation Center Inc is a registered charity in United States, based in Windom, MN. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Business Arts and Recreation Center Inc reported income of $176k and spending of $177k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $239k to $176k (-27%), an average of -9.8% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Business Arts and Recreation Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include North Union United Soccer Club ($176k), Folsom Sea Otter Swim Club ($176k) and Indiana Elite Basketball Club ($176k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 38% of the total. Other salaries and wages came to $49k. At year end it held assets of $898k against liabilities of $0, net assets of $898k. It reported 3 employees.