Inlet Dance Theatre

Analysis

Inlet Dance Theatre is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 2003, 23 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 August 2023, Inlet Dance Theatre reported income of $397k and spending of $458k, spending 115% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $369k to $397k (+7.6%), an average of +2.5% a year. The sharpest change came in the year to August 2022, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inlet Dance Theatre sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Speak About It ($397k), Sausalito Center for the Arts ($397k) and Amish & Mennonite Heritage Center ($397k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $166k. It paid $3,171 in professional fundraising fees. At year end it held assets of $568k against liabilities of $400k, net assets of $168k. It reported 14 employees.