Wellspring-Cori Terry and Dancers

Analysis

Wellspring-Cori Terry and Dancers is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in May 1984, 42 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 August 2023, Wellspring-Cori Terry and Dancers reported income of $232k and spending of $341k, spending 147% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $247k to $232k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to August 2022, when income rose by 117%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wellspring-Cori Terry and Dancers sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Riseup Labs ($232k), American Heritage Education Foundation Inc ($232k) and Vail Performing Arts Academy Inc ($232k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Other salaries and wages came to $221k. At year end it held assets of $453k against liabilities of $4,220, net assets of $449k. It reported 13 employees.