Ordway Center for the Performing Arts

Analysis

Ordway Center for the Performing Arts is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 1982, 44 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, Ordway Center for the Performing Arts reported income of $19.4m and spending of $19.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.2m to $19.4m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ordway Center for the Performing Arts sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Mystic Seaport Museum Inc ($19.4m), Colorado Symphony Association ($19.4m) and Philbrook Museum of Art Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $316k (1.6% of expenses). Other salaries and wages came to $5.8m. It paid $88k in professional fundraising fees. At year end it held assets of $78.2m against liabilities of $3.6m, net assets of $74.7m. It reported 605 employees.