Dancing Spirit Inc

Analysis

Dancing Spirit Inc is a registered charity in United States, based in Ignacio, CO. It received its IRS tax-exemption ruling in June 2014, 12 years ago. 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 December 2023, Dancing Spirit Inc reported income of $1.1m and spending of $176k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $1.1m (+1169%), an average of +1169% a year. The sharpest change came in the year to December 2023, when income rose by 1169%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dancing Spirit Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Columbia College Foundation ($1.1m), Onaben ($1.1m) and Pittsburg Public Library Board ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.9% of the total. Other salaries and wages came to $28k. At year end it held assets of $985k against liabilities of $0, net assets of $985k. It reported 2 employees.