Danceworks Inc

Analysis

Danceworks Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 August 2023, Danceworks Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.1m (-17%), an average of -4.4% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danceworks Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Our Lady of Fatima Apartments Housing Dev Fund Company Inc ($1.1m), National Lawyers Guild Foundation Inc ($1.1m) and Chaio Hsin Chinese Language School ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $81k (6.8% of expenses). Other salaries and wages came to $647k. At year end it held assets of $1.0m against liabilities of $619k, net assets of $401k. It reported 72 employees.