Dance Works Inc

Analysis

Dance Works Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1975, 51 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 2024, Dance Works Inc reported income of $1.1m and spending of $1.3m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $1.1m (-7.3%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dance Works Inc sits at the 87th 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 76th percentile within NY. Charities of a similar size with the same main cause include Temple Theater Company Inc ($1.1m), O Positive Festivals Inc ($1.1m) and Brick Store Museum ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $84k (6.7% of expenses). Other salaries and wages came to $575k. At year end it held assets of $337k against liabilities of $65k, net assets of $272k. It reported 17 employees.