Nimbus Theatre

Analysis

Nimbus Theatre is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2006, 20 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, Nimbus Theatre reported income of $127k and spending of $168k, spending 133% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $133k to $127k (-4.6%), an average of -4.6% a year. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nimbus Theatre sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Rodgers Theatre Inc ($127k), Odessa Symphony Guild ($127k) and Institute for Advanced Physics ($127k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $129k against liabilities of $190k, net assets of -$61k.