Dance Conservatory of Southern Minnesota

Analysis

Dance Conservatory of Southern Minnesota is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 June 2023, Dance Conservatory of Southern Minnesota reported income of $256k and spending of $254k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $194k to $256k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dance Conservatory of Southern Minnesota sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include North Bay Rowing Club ($256k), Heights of Hope ($256k) and Mid-Columbia Mastersingers ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $82k. At year end it held assets of $116k against liabilities of $19k, net assets of $97k. It reported 24 employees.