Lundstrum Center for the Performing Arts

Analysis

Lundstrum Center for the Performing Arts is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2023, Lundstrum Center for the Performing Arts reported income of $6.0m and spending of $1.5m, leaving 74% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $6.0m (+289%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 169%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lundstrum Center for the Performing Arts sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Alamo Public Telecommunications Council ($6.0m), Friends of Wwoz Inc ($6.0m) and George Street Playhouse Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $159k (10% of expenses). Other salaries and wages came to $483k. At year end it held assets of $9.0m against liabilities of $648k, net assets of $8.4m. It reported 12 employees.