A — Arts, Culture & HumanitiesEIN: 454807315· Ruling Year: 2013

Lakes Area Music Festival

Brainerd, Minnesota

BHealth Score
60B

Financial Health Score

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Above Average

How This Organization Compares

Compared to 2 peers in Arts, Culture & Humanities with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.18×
Peer Median210.95×
💰
$877K
Total Revenue
📊
$900K
Total Expenses
🏦
$159K
Net Assets
📋
$3K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+3.6%
Year-over-year change (2022 → 2023)
Net Margin
-2.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.18
Net assets divided by total expenses
Liabilities-to-Assets
1.9%
Total liabilities as % of total assets

Filing History

11 filings on record
YearRevenueExpensesAssets
2023$877,309↑4%$899,612↑2%$161,884↓11%
2022$847,084↑21%$881,875↑49%$181,172↓37%
2021$699,532↑44%$592,905↑50%$288,539↑55%
2020$484,142↓7%$395,357↓29%$186,754↑257%
2019$518,869↑9%$554,340↑19%$52,344↓6%
2018$475,713↑32%$466,848↑34%$55,614↑19%
2017$360,686↑22%$349,336↑11%$46,669↑32%
2016$294,682↑29%$314,051↑38%$35,319↓38%
2015$227,824↑25%$227,219↑40%$57,160↑6%
2014$181,914↑41%$162,635↑72%$54,083↑55%
2013$129,438$94,633$34,805

Frequently Asked Questions

What does Lakes Area Music Festival do?▼

Lakes Area Music Festival is a arts, culture & humanities nonprofit organization based in Minnesota. It is classified under NTEE code A68 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Lakes Area Music Festival financially healthy?▼

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Lakes Area Music Festival.

How much revenue does Lakes Area Music Festival generate?▼

Lakes Area Music Festival reports $1.3M in annual revenue and holds $158K in total assets, based on IRS filings.

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Lakes Area Music Festival — Brainerd, MN | GiveScope