Theatre Latte-Da

Analysis

Theatre Latte-Da is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1998, 28 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 July 2023, Theatre Latte-Da reported income of $3.6m and spending of $4.0m, spending 111% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.1m to $3.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to July 2022, when income rose by 300%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Latte-Da sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Global Press Institute ($3.6m), Performance Space 122 Inc ($3.6m) and Kansas Public Telecommunications Service Inc ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $235k (5.9% of expenses). Other salaries and wages came to $1.7m. It paid $63k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 208 employees.