Minnesota Dance Theatre & the Dance Institute

Analysis

Minnesota Dance Theatre & the Dance Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1991, 35 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 June 2023, Minnesota Dance Theatre & the Dance Institute reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Dance Theatre & the Dance Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Think 360 Arts for Learning Inc ($1.1m), Peninsula Ballet Theatre ($1.1m) and Dr Rodney R Lafon Performing Arts Center Endowment Fund ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $50k (4.7% of expenses). Other salaries and wages came to $377k. At year end it held assets of $325k against liabilities of $81k, net assets of $244k. It reported 48 employees.