Fergus Falls Concert Association

Analysis

Fergus Falls Concert Association is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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 May 2023, Fergus Falls Concert Association reported income of $58k and spending of $50k, spending 86% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $55k to $58k (+5.2%), an average of +5.2% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fergus Falls Concert Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include PTA Wisconsin Congress ($58k), Leominster Historical Society Inc ($58k) and Vermont Eastern Star Home Inc ($58k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.