Northern Lights Music Festival
EIN: 562527875 · Gilbert, MN · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $470K |
| Total Expenses | $470K |
| Net Assets | $125K |
Is Northern Lights Music Festival Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Northern Lights Music Festival
Northern Lights Music Festival (EIN: 562527875) is a nonprofit organization based in Gilbert, MN, classified under NTEE code A68. The organization reported total revenue of $470K and total assets of $286K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Lights Music Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Lights Music Festival is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $470K |
| Surplus / Deficit | $-20,705 |
| Total Assets | $252K |
| Total Liabilities | $127K |
| Net Assets | $125K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 50.4% |
| Months of Reserves | 6.4 months |
Financial Health Grade: C
In 2023, Northern Lights Music Festival reported a deficit of $21K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 50.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Northern Lights Music Festival's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +14.6% | +16.4% |
| 2022 | +10.6% | +5.6% | -5.5% |
| 2021 | -8.6% | +11.1% | +1.1% |
| 2020 | +17.3% | +15.4% | +55.6% |
| 2019 | +20.7% | +6.6% | +2042.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Northern Lights Music Festival 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 Northern Lights Music Festival 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.4%.
Frequently Asked Questions about Northern Lights Music Festival
Is Northern Lights Music Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Lights Music Festival (EIN: 562527875) insufficient data. 0 red flags identified, 0 strengths noted.
How does Northern Lights Music Festival spend its money?
Detailed spending breakdown data is not yet available for Northern Lights Music Festival. Check back for updated IRS 990 analysis.
Are donations to Northern Lights Music Festival tax-deductible?
Northern Lights Music Festival is registered as a tax-exempt nonprofit (EIN: 562527875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northern Lights Music Festival located?
Northern Lights Music Festival is headquartered in Gilbert, Minnesota and files with the IRS under EIN 562527875. It is classified under NTEE code A68.
How many years of IRS 990 filings does Northern Lights Music Festival have?
Northern Lights Music Festival has 14 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 $470K in total revenue.
Filing History
IRS 990 filing history for Northern Lights Music Festival showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Northern Lights Music Festival's revenue has grown by 256.7%, moving from $126K to $450K. Total assets increased by 25172500% over the same period, from $1 to $252K. Total functional expenses rose by 261.5%, from $130K to $470K. In its most recent filing year (2023), Northern Lights Music Festival reported a deficit of $21K, with expenses exceeding revenue. The organization holds $127K in liabilities against $252K in assets (debt-to-asset ratio: 50.4%), resulting in net assets of $125K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $470K | $252K | $127K | — | — |
| 2022 | $432K | $410K | $216K | $71K | — | — |
| 2021 | $390K | $389K | $229K | $105K | — | View 990 |
| 2020 | $427K | $350K | $226K | $104K | — | — |
| 2019 | $364K | $303K | $146K | $100K | — | View 990 |
| 2018 | $301K | $284K | $7K | $21K | — | View 990 |
| 2017 | $365K | $376K | $40K | $72K | — | View 990 |
| 2016 | $379K | $353K | $8K | $27K | — | View 990 |
| 2015 | $375K | $385K | $12K | $57K | — | View 990 |
| 2014 | $315K | $334K | $10K | $46K | — | View 990 |
| 2013 | $288K | $294K | $8K | $24K | — | View 990 |
| 2013 | $235K | $242K | $21K | $31K | — | View 990 |
| 2012 | $195K | $196K | $10K | $14K | — | View 990 |
| 2011 | $126K | $130K | $1 | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $470K, and assets of $252K (revenue +4.2% year-over-year).
- 2022: Revenue of $432K, expenses of $410K, and assets of $216K (revenue +10.6% year-over-year).
- 2021: Revenue of $390K, expenses of $389K, and assets of $229K (revenue -8.6% year-over-year).
- 2020: Revenue of $427K, expenses of $350K, and assets of $226K (revenue +17.3% year-over-year).
- 2019: Revenue of $364K, expenses of $303K, and assets of $146K (revenue +20.7% year-over-year).
- 2018: Revenue of $301K, expenses of $284K, and assets of $7K (revenue -17.4% year-over-year).
- 2017: Revenue of $365K, expenses of $376K, and assets of $40K (revenue -3.7% year-over-year).
- 2016: Revenue of $379K, expenses of $353K, and assets of $8K (revenue +0.9% year-over-year).
- 2015: Revenue of $375K, expenses of $385K, and assets of $12K (revenue +19.2% year-over-year).
- 2014: Revenue of $315K, expenses of $334K, and assets of $10K (revenue +9.5% year-over-year).
- 2013: Revenue of $288K, expenses of $294K, and assets of $8K (revenue +22.6% year-over-year).
- 2013: Revenue of $235K, expenses of $242K, and assets of $21K (revenue +20.4% year-over-year).
- 2012: Revenue of $195K, expenses of $196K, and assets of $10K (revenue +54.6% year-over-year).
- 2011: Revenue of $126K, expenses of $130K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Lights Music Festival:
Data Sources and Methodology
This transparency report for Northern Lights Music Festival 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.