Region 2 Arts Council is a 501(c)(3) organization based in Bemidji, Minnesota, registered in 1982, with $757,510 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$758K
▲ 8.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$752K
Net assets
$144K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Region 2 Arts Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Region 2 Arts Council: 2 mo reserves · +1% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Region 2 Arts Council— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Region 2 Arts Council: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $565K (FY2013) to $758K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$198K
Total liabilities
$54K
Net assets
$144K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $757,510▲8.3% | $751,869▲15.1% | $144,473▲4.1% | $198,033▲22.5% | 990 |
| 2023 | $699,381▲45.9% | $653,249▲14.1% | $138,832▲118% | $161,637▲1.0% | 990 |
| 2022 | $479,260▼2.0% | $572,490▲21.4% | $63,591▼56.4% | $160,020▼18.5% | 990 |
| 2020 | $489,163▼14.2% | $471,568▼3.3% | $145,967▲13.7% | $196,361▲1.4% | 990 |
| 2019 | $569,965▲10.6% | $487,844 | $128,372▲178% | $193,565▲159% | 990 |
| 2018 | $515,436▲31.6% | $487,724▲7.2% | $46,251▲149% | $74,749▲79.2% | 990 |
| 2017 | $391,771▼28.2% | $455,001▼4.6% | $18,539▼77.3% | $41,723▼64.3% | 990 |
| 2016 | $545,780▲42.2% | $476,998▲8.5% | $81,769▲530% | $117,009▲113% | 990 |
| 2015 | $383,909▼0.1% | $439,685▼2.1% | $12,987▼81.1% | $55,003▼54.0% | 990 |
| 2014 | $384,399▼31.9% | $448,888▲1.5% | $68,763▼48.4% | $119,544▼32.0% | 990 |
| 2013 | $564,576 | $442,045 | $133,252 | $175,771 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Region 2 Arts Council (EIN 41-1390021) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.