Iowa Dance Theatre

Analysis

Iowa Dance Theatre is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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 June 2023, Iowa Dance Theatre reported income of $147k and spending of $145k, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $166k to $147k (-11%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Dance Theatre sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Happytime Nursery School Inc ($147k), International Society for Agricultural Safety and Health Inc ($147k) and Virginia Cavaliers Baseball ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $200k against liabilities of $9,763, net assets of $190k.