Stephen Petronio Dance Company Inc

Analysis

Stephen Petronio Dance Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, Stephen Petronio Dance Company Inc reported income of $559k and spending of $996k, spending 178% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $983k to $559k (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stephen Petronio Dance Company Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include St Patrick Apartments II Inc ($559k), Morris Hockey Association Inc ($559k) and Center for Neurological Development Inc ($559k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $246k (25% of expenses). Other salaries and wages came to $235k. At year end it held assets of $1.6m against liabilities of $546k, net assets of $1.0m. It reported 13 employees.