Bemidji Community Arena Corporation

Analysis

Bemidji Community Arena Corporation is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in August 2017, 9 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 April 2023, Bemidji Community Arena Corporation reported income of $941k and spending of $859k, spending 91% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $932k to $941k (+1.0%), an average of +0.3% a year. The sharpest change came in the year to April 2022, when income dropped by 39%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bemidji Community Arena Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Brentwood Baseball Inc ($941k), Wpga Junior Foundation Inc ($941k) and Ocean Beach Play Group Inc ($941k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 24% and program service revenue 63% of the total. Other salaries and wages came to $124k. At year end it held assets of $7.2m against liabilities of $1.1m, net assets of $6.1m. It reported 16 employees.