Burlington Riverfront Entertainment

Analysis

Burlington Riverfront Entertainment is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Burlington Riverfront Entertainment reported income of $531k and spending of $592k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $628k to $531k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Burlington Riverfront Entertainment sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Center for Severe Weather Research Inc ($531k), Sitka Music Festival Inc ($531k) and Webster Museums Incorporated ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $120k (20% of expenses). Other salaries and wages came to $71k. At year end it held assets of $269k against liabilities of $115k, net assets of $154k. It reported 36 employees.