Duluth Ballet Inc

Analysis

Duluth Ballet Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 1967, 59 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, Duluth Ballet Inc reported income of $682k and spending of $821k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $680k to $682k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Duluth Ballet Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Great Plains Theatre Commons ($682k), Music for Everyone ($682k) and Howard County Chinese School Inc ($682k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $30k (3.6% of expenses). Other salaries and wages came to $378k. At year end it held assets of $235k against liabilities of $232k, net assets of $3,253. It reported 38 employees.