Xelias Aerial Arts Studio

Analysis

Xelias Aerial Arts Studio is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Xelias Aerial Arts Studio reported income of $292k and spending of $328k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $280k to $292k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Xelias Aerial Arts Studio sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Artsquest Foundation ($292k), Arkansas Sports Hall of Fame Inc ($292k) and National Railway Historical Society ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $100k (30% of expenses). Other salaries and wages came to $114k. At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 4 employees.