Muntu Dance Theatre

Analysis

Muntu Dance Theatre is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1977, 49 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, Muntu Dance Theatre reported income of $543k and spending of $350k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $543k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muntu Dance Theatre sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Friends of Beauregard Keyes House Inc ($543k), Joint Civic Committee of Italian Americans ($544k) and Cashion Cultural Legacy ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $122k. It paid $2,000 in professional fundraising fees. At year end it held assets of $297k against liabilities of $41k, net assets of $256k.