Blue Water Theatre Company

Analysis

Blue Water Theatre Company is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in April 2008, 18 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Blue Water Theatre Company reported income of $314k and spending of $414k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $314k to $314k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Water Theatre Company sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Crystal Theatre Inc ($314k), Colorado Ski Museum Inc ($314k) and Central Jersey Arts Council ($314k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $110k (27% of expenses). Other salaries and wages came to $109k. It paid $1,236 in professional fundraising fees. At year end it held assets of $654k against liabilities of $508k, net assets of $146k. It reported 6 employees.