Twin Cities Ballet Company

Analysis

Twin Cities Ballet Company is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2024, Twin Cities Ballet Company reported income of $286k and spending of $264k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $230k to $286k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 28%. 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, Twin Cities Ballet Company sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Chaldean Community Cultural Center ($286k), Downtown San Angelo Inc ($286k) and Metro Chamber Orchestra Incorporated ($286k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $121k. At year end it held assets of $184k against liabilities of $17k, net assets of $167k. It reported 12 employees.