The Dance Exchange Inc

Analysis

The Dance Exchange Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in February 1998, 28 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 June 2023, The Dance Exchange Inc reported income of $742k and spending of $662k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $496k to $742k (+49%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Dance Exchange Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Timothy M Draper Center for Dance Education Inc ($742k), Medicine Park Museum of Natural Science Inc ($742k) and Houston Center for Photography ($742k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $119k (18% of expenses). Other salaries and wages came to $167k. At year end it held assets of $1.0m against liabilities of $430k, net assets of $601k. It reported 9 employees.