Hennepin Theatre TR

Analysis

Hennepin Theatre TR is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2001, 25 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, Hennepin Theatre TR reported income of $45.1m and spending of $45.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $49.5m to $45.1m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 676%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hennepin Theatre TR sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Minnesota Orchestral Association ($45.0m), Center for Education Reform ($45.1m) and Sundance Institute ($45.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $608k (1.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $31.9m against liabilities of $18.5m, net assets of $13.4m. It reported 48 employees.