Fidalgo Danceworks

Analysis

Fidalgo Danceworks is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in July 2009, 17 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fidalgo Danceworks reported income of $473k and spending of $458k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $384k to $473k (+23%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fidalgo Danceworks sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Theatre Downtown Inc ($473k), International Conference on Environmental Systems Inc ($473k) and Prescott Circus Theatre ($473k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $108k (24% of expenses). Other salaries and wages came to $131k. At year end it held assets of $481k against liabilities of $15k, net assets of $466k. It reported 18 employees.