Bi-Okoto Drum & Dance Theatre

Analysis

Bi-Okoto Drum & Dance Theatre is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2002, 24 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 December 2023, Bi-Okoto Drum & Dance Theatre reported income of $501k and spending of $494k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $501k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bi-Okoto Drum & Dance Theatre sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Broadway School of Music & the Arts ($501k), Bronx School for Music Inc ($501k) and Key West Theater and Community Stage ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $92k (19% of expenses). Other salaries and wages came to $148k. At year end it held assets of $880k against liabilities of $423k, net assets of $457k. It reported 3 employees.