Koresh Dance Company

Analysis

Koresh Dance Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1993, 33 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, Koresh Dance Company reported income of $1.0m and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Koresh Dance Company sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Natl Assoc for Research in Science Teaching the Univ of Calgary Narst ($1.0m), California Water Data Consortium ($1.0m) and Turtle Creek Chorale Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $130k (11% of expenses). Other salaries and wages came to $534k. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $551k. It reported 32 employees.