Mankato Ballet Company

Analysis

Mankato Ballet Company is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in August 1985, 41 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 August 2024, Mankato Ballet Company reported income of $679k and spending of $645k, spending 95% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $420k to $679k (+62%), an average of +13% a year. The sharpest change came in the year to August 2022, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mankato Ballet Company sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Old Trail School Foundation ($679k), Armonk Childrens Corner Inc ($680k) and Rehabilitation Industries of N ($679k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 13% and program service revenue 84% of the total. Other salaries and wages came to $304k. At year end it held assets of $584k against liabilities of $21k, net assets of $563k. It reported 30 employees.