Ragamala Dance
EIN: 411747144 · Minneapolis, MN · NTEE: A230
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $942K |
| Net Assets | $527K |
Is Ragamala Dance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ragamala Dance
Ragamala Dance (EIN: 411747144) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A230. The organization reported total revenue of $1.4M and total assets of $976K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ragamala Dance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ragamala Dance is a mid-size nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $916K |
| Total Expenses | $942K |
| Surplus / Deficit | $-25,632 |
| Total Assets | $694K |
| Total Liabilities | $166K |
| Net Assets | $527K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 24.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2024, Ragamala Dance reported a deficit of $26K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 24.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ragamala Dance's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.5% | +6.9% | -8.4% |
| 2023 | -38.2% | -10.4% | -1.4% |
| 2022 | +92.9% | +82.8% | +32.8% |
| 2021 | -11.3% | -23.8% | +24.3% |
| 2020 | -1.2% | -9.1% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ragamala Dance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ragamala Dance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.0%.
Frequently Asked Questions about Ragamala Dance
Is Ragamala Dance a legitimate charity?
Based on AI analysis of IRS 990 filings, Ragamala Dance (EIN: 411747144) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ragamala Dance spend its money?
Detailed spending breakdown data is not yet available for Ragamala Dance. Check back for updated IRS 990 analysis.
Are donations to Ragamala Dance tax-deductible?
Ragamala Dance is registered as a tax-exempt nonprofit (EIN: 411747144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ragamala Dance located?
Ragamala Dance is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411747144. It is classified under NTEE code A230.
How many years of IRS 990 filings does Ragamala Dance have?
Ragamala Dance has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Ragamala Dance showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ragamala Dance's revenue has grown by 101.9%, moving from $454K to $916K. Total assets increased by 155.4% over the same period, from $272K to $694K. Total functional expenses rose by 109.1%, from $451K to $942K. In its most recent filing year (2024), Ragamala Dance reported a deficit of $26K, with expenses exceeding revenue. The organization holds $166K in liabilities against $694K in assets (debt-to-asset ratio: 24.0%), resulting in net assets of $527K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $916K | $942K | $694K | $166K | — | — |
| 2023 | $754K | $881K | $757K | $204K | — | — |
| 2022 | $1.2M | $983K | $768K | $88K | — | View 990 |
| 2021 | $633K | $538K | $578K | $137K | — | — |
| 2020 | $713K | $706K | $465K | $119K | — | View 990 |
| 2019 | $722K | $777K | $382K | $43K | — | View 990 |
| 2018 | $803K | $718K | $433K | $40K | — | View 990 |
| 2017 | $606K | $742K | $378K | $71K | — | View 990 |
| 2016 | $652K | $735K | $487K | $44K | — | View 990 |
| 2015 | $955K | $658K | $543K | $17K | — | View 990 |
| 2014 | $582K | $567K | $283K | $54K | — | View 990 |
| 2013 | $469K | $508K | $228K | $13K | — | View 990 |
| 2012 | $663K | $672K | $274K | $20K | — | View 990 |
| 2011 | $454K | $451K | $272K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $916K, expenses of $942K, and assets of $694K (revenue +21.5% year-over-year).
- 2023: Revenue of $754K, expenses of $881K, and assets of $757K (revenue -38.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $983K, and assets of $768K (revenue +92.9% year-over-year).
- 2021: Revenue of $633K, expenses of $538K, and assets of $578K (revenue -11.3% year-over-year).
- 2020: Revenue of $713K, expenses of $706K, and assets of $465K (revenue -1.2% year-over-year).
- 2019: Revenue of $722K, expenses of $777K, and assets of $382K (revenue -10.1% year-over-year).
- 2018: Revenue of $803K, expenses of $718K, and assets of $433K (revenue +32.7% year-over-year).
- 2017: Revenue of $606K, expenses of $742K, and assets of $378K (revenue -7.1% year-over-year).
- 2016: Revenue of $652K, expenses of $735K, and assets of $487K (revenue -31.8% year-over-year).
- 2015: Revenue of $955K, expenses of $658K, and assets of $543K (revenue +64.2% year-over-year).
- 2014: Revenue of $582K, expenses of $567K, and assets of $283K (revenue +24.0% year-over-year).
- 2013: Revenue of $469K, expenses of $508K, and assets of $228K (revenue -29.2% year-over-year).
- 2012: Revenue of $663K, expenses of $672K, and assets of $274K (revenue +46.0% year-over-year).
- 2011: Revenue of $454K, expenses of $451K, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ragamala Dance:
Data Sources and Methodology
This transparency report for Ragamala Dance is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.