Moveius Contemporary Ballet Inc

Analysis

Moveius Contemporary Ballet Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2017, 9 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Moveius Contemporary Ballet Inc reported income of $1.7m and spending of $739k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2019 to September 2023, income grew from $571k to $1.7m (+191%), an average of +43% a year. The sharpest change came in the year to September 2022, when income rose by 166%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Moveius Contemporary Ballet Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Catamount Film & Arts Co ($1.7m), Turnaround Arts California ($1.7m) and Orchestra Lumos Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $160k (22% of expenses). Other salaries and wages came to $153k. It paid $57k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $426k, net assets of $2.9m. It reported 7 employees.