Turner Ballroom Preservation Trust Ltd

Analysis

Turner Ballroom Preservation Trust Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2001, 25 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, Turner Ballroom Preservation Trust Ltd reported income of $221k and spending of $295k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $221k (+504%), an average of +57% a year. The sharpest change came in the year to December 2020, when income dropped by 965%. Over the whole period it spent 921% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turner Ballroom Preservation Trust Ltd sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Community Public Radio Inc ($221k), Creative Hearts Inc ($221k) and Summit Rotary Foundation Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. At year end it held assets of $2.4m against liabilities of $15k, net assets of $2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.