Kanopy Dance Theatre Inc

Analysis

Kanopy Dance Theatre Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1982, 44 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, Kanopy Dance Theatre Inc reported income of $416k and spending of $473k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $416k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kanopy Dance Theatre Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Sound Circle Center for Arts and Anthroposophy ($416k), Black Theatre United ($416k) and The Griffin Museum of Photography Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $68k (14% of expenses). Other salaries and wages came to $80k. At year end it held assets of -$57k against liabilities of $0, net assets of -$57k. It reported 10 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.