Danceworks Chicago Inc NFP

Analysis

Danceworks Chicago Inc NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2007, 19 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 July 2024, Danceworks Chicago Inc NFP reported income of $206k and spending of $280k, spending 136% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $212k to $206k (-2.7%), an average of -0.7% a year. The sharpest change came in the year to July 2022, when income rose by 60%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danceworks Chicago Inc NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Marblehead Lighthouse Historical Society ($206k), C T Vivian Foundation Inc ($206k) and Eryc Taylor Dance Inc ($206k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $61k (22% of expenses). Other salaries and wages came to $106k. At year end it held assets of $373k against liabilities of $30k, net assets of $343k. It reported 13 employees.