The Institute for Dance Inc

Analysis

The Institute for Dance Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in April 1979, 47 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 December 2023, The Institute for Dance Inc reported income of $464k and spending of $387k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $464k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Institute for Dance Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Canandaigua Montessori School ($464k), Martin United Soccer Club Inc ($464k) and Columbus Education Foundation Inc ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $204k against liabilities of $5,525, net assets of $199k. It reported 30 employees.