Sondance Studio

Analysis

Sondance Studio is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in June 2020, 6 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 December 2023, Sondance Studio reported income of $85k and spending of $69k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $85k (+2.8%), an average of +2.8% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sondance Studio sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Theatre4youngpeopleorginc ($85k), The Dancers Alchemy Inc ($85k) and Center for Performance and Civic Practice ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $62k against liabilities of $10k, net assets of $51k.