Northern Lights Music Festival

Analysis

Northern Lights Music Festival is a registered charity in United States, based in Gilbert, MN. It received its IRS tax-exemption ruling in March 2006, 20 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 November 2023, Northern Lights Music Festival reported income of $450k and spending of $470k, spending 105% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $364k to $450k (+24%), an average of +5.5% a year. The sharpest change came in the year to November 2020, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northern Lights Music Festival sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Arkansas City Area Arts Council Inc ($450k), Saint Charles Oktoberfest ($450k) and The California Patrons of the Arts in the Vatican Museums ($450k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $22k. At year end it held assets of $252k against liabilities of $127k, net assets of $125k.