Gina Gibney Dance Inc

Analysis

Gina Gibney Dance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1992, 34 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, Gina Gibney Dance Inc reported income of $8.6m and spending of $13.1m, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $8.6m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gina Gibney Dance Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Longyear Foundation ($8.6m), Nebraska Public Media Foundation Inc ($8.6m) and Palm Springs Air Museum Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $230k (1.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $18.9m against liabilities of $15.5m, net assets of $3.4m. It reported 124 employees.