Guthrie Theatre Foundation

Analysis

Guthrie Theatre Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1962, 64 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 August 2023, Guthrie Theatre Foundation reported income of $37.4m and spending of $36.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $24.7m to $37.4m (+51%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 117%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guthrie Theatre Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include The Santa Fe Opera ($37.3m), Anita Borg Institute for Women and Technology ($37.7m) and Crosswater Canyon Inc ($37.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $967k (2.7% of expenses). Other salaries and wages came to $14.3m. It paid $123k in professional fundraising fees. At year end it held assets of $152.9m against liabilities of $9.0m, net assets of $143.9m. It reported 724 employees.