Lakeville City Ballet

Analysis

Lakeville City Ballet is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in December 2003, 23 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 2024, Lakeville City Ballet reported income of $435k and spending of $485k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $435k (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeville City Ballet sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Hillgrove High School Band Boosterclub ($435k), Pat Conroy Literary Center Inc ($435k) and Simpson Street Free Press Inc ($435k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $35k (7.2% of expenses). Other salaries and wages came to $159k. At year end it held assets of $170k against liabilities of $0, net assets of $170k. It reported 17 employees.