Big Lake Spud Fest
EIN: 411764906 · Big Lake, MN · NTEE: N99
| Metric | Value |
|---|---|
| Total Revenue | $18.2M |
| Total Expenses | $460K |
| Net Assets | $207K |
Is Big Lake Spud Fest Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Big Lake Spud Fest
Big Lake Spud Fest (EIN: 411764906) is a nonprofit organization based in Big Lake, MN, classified under NTEE code N99. The organization reported total revenue of $18.2M and total assets of $207K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Big Lake Spud Fest's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Big Lake Spud Fest is a large nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $460K |
| Surplus / Deficit | +$29K |
| Total Assets | $210K |
| Total Liabilities | $2K |
| Net Assets | $207K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Big Lake Spud Fest reported a surplus of $29K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Big Lake Spud Fest's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.2% | +53.2% | +14.7% |
| 2022 | +0.7% | +7.9% | +33.3% |
| 2021 | +305.1% | +271.8% | +90.5% |
| 2020 | -56.1% | -59.6% | +15.1% |
| 2019 | +7.9% | -8.7% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Big Lake Spud Fest has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Big Lake Spud Fest with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Big Lake Spud Fest
Is Big Lake Spud Fest a legitimate charity?
Based on AI analysis of IRS 990 filings, Big Lake Spud Fest (EIN: 411764906) insufficient data. 0 red flags identified, 0 strengths noted.
How does Big Lake Spud Fest spend its money?
Detailed spending breakdown data is not yet available for Big Lake Spud Fest. Check back for updated IRS 990 analysis.
Are donations to Big Lake Spud Fest tax-deductible?
Big Lake Spud Fest is registered as a tax-exempt nonprofit (EIN: 411764906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Big Lake Spud Fest located?
Big Lake Spud Fest is headquartered in Big Lake, Minnesota and files with the IRS under EIN 411764906. It is classified under NTEE code N99.
How many years of IRS 990 filings does Big Lake Spud Fest have?
Big Lake Spud Fest has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.2M in total revenue.
Filing History
IRS 990 filing history for Big Lake Spud Fest showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Big Lake Spud Fest's revenue has grown by 440.3%, moving from $90K to $489K. Total assets increased by 2833.7% over the same period, from $7K to $210K. Total functional expenses rose by 408.2%, from $90K to $460K. In its most recent filing year (2023), Big Lake Spud Fest reported a surplus of $29K, with revenue exceeding expenses. The organization holds $2K in liabilities against $210K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $460K | $210K | $2K | — | View 990 |
| 2022 | $344K | $300K | $183K | $5K | — | — |
| 2021 | $341K | $278K | $137K | $2K | — | View 990 |
| 2020 | $84K | $75K | $72K | $613 | — | — |
| 2019 | $192K | $185K | $63K | $640 | — | View 990 |
| 2018 | $178K | $203K | $56K | $1K | — | View 990 |
| 2017 | $201K | $150K | $82K | $2K | — | View 990 |
| 2016 | $244K | $277K | $29K | $0 | — | View 990 |
| 2015 | $279K | $255K | $62K | $0 | — | View 990 |
| 2014 | $129K | $105K | $58K | $20K | — | View 990 |
| 2013 | $100K | $90K | $14K | $0 | — | View 990 |
| 2011 | $90K | $90K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $460K, and assets of $210K (revenue +42.2% year-over-year).
- 2022: Revenue of $344K, expenses of $300K, and assets of $183K (revenue +0.7% year-over-year).
- 2021: Revenue of $341K, expenses of $278K, and assets of $137K (revenue +305.1% year-over-year).
- 2020: Revenue of $84K, expenses of $75K, and assets of $72K (revenue -56.1% year-over-year).
- 2019: Revenue of $192K, expenses of $185K, and assets of $63K (revenue +7.9% year-over-year).
- 2018: Revenue of $178K, expenses of $203K, and assets of $56K (revenue -11.6% year-over-year).
- 2017: Revenue of $201K, expenses of $150K, and assets of $82K (revenue -17.5% year-over-year).
- 2016: Revenue of $244K, expenses of $277K, and assets of $29K (revenue -12.6% year-over-year).
- 2015: Revenue of $279K, expenses of $255K, and assets of $62K (revenue +116.4% year-over-year).
- 2014: Revenue of $129K, expenses of $105K, and assets of $58K (revenue +28.9% year-over-year).
- 2013: Revenue of $100K, expenses of $90K, and assets of $14K (revenue +10.6% year-over-year).
- 2011: Revenue of $90K, expenses of $90K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Big Lake Spud Fest:
Data Sources and Methodology
This transparency report for Big Lake Spud Fest is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.