GEORGIA METROPOLITAN DANCE THEATRE INC
Mission Statement
Georgia Metropolitan Dance Theatre (GMDT) is a 501(c)(3), non-profit, student-based dance company housed in the studios of Georgia Dance Conservatory on the Marietta Square. Founded in 1956, the company was formerly known as Ruth Mitchell Dance Theatre. Now under the artistic direction of Ashleigh Whitworth, GMDT continues to educate, cultivate, and inspire young dancers to become the next generation of artists and leaders through rigorous dance training and performance opportunities in a challenging and professional environment. GMDT strives to be a positive contributor to the community via diverse performances and engaging experiences that celebrate life through the power of the arts.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.0% | 81.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.6% | 14.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.4% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.7 mo | 10.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.9% | 79.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
15.3% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
31.9% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.3% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $301K | $285K | $111K | 85.0% | 3 |
| 2022 | $261K | $216K | $154K | 87.5% | 3 |
| 2021 | $135K | $153K | N/A | — | 3 |
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