Danceability Incorporated

Analysis

Danceability Incorporated is a registered charity in United States, based in Depew, NY. It received its IRS tax-exemption ruling in October 2008, 18 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 June 2023, Danceability Incorporated reported income of $278k and spending of $314k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $461k to $278k (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Danceability Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Red River Merchants Association ($278k), USA Water Ski & Wake Sports Foundation Inc ($278k) and Skagit Symphony ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $59k (19% of expenses). Other salaries and wages came to $73k. At year end it held assets of $223k against liabilities of $56k, net assets of $167k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.