Vine Grove Bluegrass Festival Inc

Vine Grove Bluegrass Festival Inc shows strong financial growth and zero officer compensation.

EIN: 202289583 · Vine Grove, KY · NTEE: A68 · Updated: 2026-03-28

$108KRevenue

$62KAssets

95/100Mission Score (Excellent)

A68

About Vine Grove Bluegrass Festival Inc

Vine Grove Bluegrass Festival Inc (EIN: 202289583) is a nonprofit organization based in Vine Grove, KY, classified under NTEE code A68. The organization reported total revenue of $108K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vine Grove Bluegrass Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Vine Grove Bluegrass Festival Inc demonstrates sound financial health and a strong commitment to its mission. In its latest filing (Period 202312), the organization reported revenue of $117,595 against expenses of $96,517, resulting in a surplus that contributes to its growing asset base of $68,190. This positive financial trend is a significant improvement from its 201012 period, where revenue was $38,106 and expenses were $37,457, indicating substantial growth and effective financial management over time. The organization's liabilities are consistently reported as $0, which is an excellent indicator of financial stability and responsible fiscal practices. The absence of officer compensation in both reported periods further underscores its dedication to maximizing resources for its programmatic activities, reflecting a high degree of spending efficiency and a volunteer-driven operational model. This approach enhances its transparency and ensures that donor contributions are directly channeled towards its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Vine Grove Bluegrass Festival Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Vine Grove Bluegrass Festival Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% in both available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with $117,595 in revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Vine Grove Bluegrass Festival Inc:

Strong financial growth from $38,106 (2010) to $117,595 (2023) in revenue.
Zero liabilities reported in both filings, indicating excellent financial stability.
0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
Consistent positive net income, contributing to asset growth from $29,486 to $68,190.
High program spending efficiency due to minimal overhead and no executive salaries.

Frequently Asked Questions about Vine Grove Bluegrass Festival Inc

Is Vine Grove Bluegrass Festival Inc a good charity?

Yes, based on its financial filings, Vine Grove Bluegrass Festival Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, zero liabilities, and no officer compensation, indicating a high dedication to its mission and efficient use of funds.

How has the organization's revenue changed over time?

The organization's revenue has grown significantly, from $38,106 in Period 201012 to $117,595 in Period 202312, representing a substantial increase in its financial capacity.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in both available filings, suggesting a volunteer-driven leadership model that maximizes resources for its programs.

Filing History

IRS 990 filing history for Vine Grove Bluegrass Festival Inc showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2010–2023), Vine Grove Bluegrass Festival Inc's revenue has grown by 208.6%, moving from $38K to $118K. Total assets increased by 131.3% over the same period, from $29K to $68K. Total functional expenses rose by 157.7%, from $37K to $97K. In its most recent filing year (2023), Vine Grove Bluegrass Festival Inc reported a surplus of $21K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$118K	$97K	$68K	$0	—	—
2010	$38K	$37K	$29K	$0	—	View 990

Data Sources and Methodology

This transparency report for Vine Grove Bluegrass Festival Inc 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.