Blue Mound Area Theatre

Analysis

Blue Mound Area Theatre is a registered charity in United States, based in Luverne, MN. It received its IRS tax-exemption ruling in May 1980, 46 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 February 2024, Blue Mound Area Theatre reported income of $248k and spending of $286k, spending 115% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income grew from $191k to $248k (+30%), an average of +5.3% a year. The sharpest change came in the year to February 2024, when income rose by 58%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blue Mound Area Theatre sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include The Northeast Orchestra ($248k), McGroarty Arts Center ($248k) and Colorado Afro Latin Dance and Arts Collective ($248k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $416k against liabilities of $40k, net assets of $377k. It reported 6 employees.

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.