Sundance Institute

Analysis

Sundance Institute is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 1981, 45 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 August 2023, Sundance Institute reported income of $45.0m and spending of $49.3m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $59.0m to $45.0m (-24%), an average of -6.6% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sundance Institute 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 CO. Charities of a similar size with the same main cause include The Smith Center for the Performing Arts ($44.8m), Minnesota Orchestral Association ($45.0m) and Denver Art Museum Inc ($44.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $2.8m (5.7% of expenses). Other salaries and wages came to $18.1m. At year end it held assets of $75.4m against liabilities of $7.3m, net assets of $68.0m. It reported 505 employees.