Threads Dance Project

Analysis

Threads Dance Project is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Threads Dance Project reported income of $431k and spending of $313k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $254k to $431k (+70%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Threads Dance Project sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Monterey Institute for Research in Astronomy ($431k), Dearborn Orchestral Society Inc ($431k) and Poplar Grove Foundation Inc ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $39k (12% of expenses). Other salaries and wages came to $100k. It paid $4,967 in professional fundraising fees. At year end it held assets of $199k against liabilities of $62k, net assets of $137k. It reported 16 employees.