Hedwig Dances Inc

Analysis

Hedwig Dances Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1985, 41 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, Hedwig Dances Inc reported income of $245k and spending of $248k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $353k to $245k (-31%), an average of -8.7% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hedwig Dances Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Arapahoe Philharmonic Inc ($245k), Bellport-Brookhaven Historical Society ($245k) and Friends of Hokulea and Hawaiiloa Inc ($245k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $65k (26% of expenses). Other salaries and wages came to $69k. At year end it held assets of $119k against liabilities of $2,376, net assets of $116k. It reported 14 employees.