Ragamala Dance

Analysis

Ragamala Dance is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Ragamala Dance reported income of $916k and spending of $942k, spending 103% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $722k to $916k (+27%), an average of +4.9% a year. The sharpest change came in the year to July 2022, when income rose by 93%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ragamala Dance sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Little Buckeye Childrens Museum ($916k), Gualala Arts ($917k) and The Louise Hopkins Underwood Center for the Arts ($916k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $344k (36% of expenses). Other salaries and wages came to $94k. At year end it held assets of $694k against liabilities of $166k, net assets of $527k. It reported 10 employees.