Dance Place

Analysis

Dance Place is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Dance Place reported income of $2.1m and spending of $2.3m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.1m (+8.9%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dance Place sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include Real Presence Radio ($2.1m), Yerba Buena Arts & Events ($2.1m) and South Boston-Halifax County Museum of Fine Arts and History ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $124k (5.4% of expenses). Other salaries and wages came to $773k. At year end it held assets of $6.1m against liabilities of $2.0m, net assets of $4.0m. It reported 41 employees.