Ballet Minnesota Inc

Analysis

Ballet Minnesota Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1993, 33 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 August 2023, Ballet Minnesota Inc reported income of $137k and spending of $181k, spending 132% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $197k to $137k (-30%), an average of -8.6% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Minnesota Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Cincinnati Contemporary Jazz ($137k), Functional Behavior Interventions for All Inc ($137k) and Elbow Room ($137k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $7,200 (4.0% of expenses). It paid $7,506 in professional fundraising fees. At year end it held assets of $8,373 against liabilities of $7,817, net assets of $556.