Ormao Dance Company

Analysis

Ormao Dance Company is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 2011, 15 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, Ormao Dance Company reported income of $276k and spending of $271k, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $193k to $276k (+43%), an average of +9.4% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ormao Dance Company sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Latin Ballet of Virginia Inc ($276k), Arts Southeast ($276k) and Berkana Institute ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $32k (12% of expenses). Other salaries and wages came to $95k. At year end it held assets of $37k against liabilities of $869, net assets of $37k. It reported 16 employees.