Bloomington Theatre and Art Center Dba Artistry

Analysis

Bloomington Theatre and Art Center Dba Artistry is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bloomington Theatre and Art Center Dba Artistry reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.3m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 208%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bloomington Theatre and Art Center Dba Artistry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include American Society of Overseas Research ($2.3m), Instituto Cervantes of Chicago Inc ($2.3m) and Colonial Theatre Group Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 30% of the total. Other salaries and wages came to $692k. At year end it held assets of $92k against liabilities of $512k, net assets of -$420k. It reported 26 employees.