Dance Institute of Washington Inc

Analysis

Dance Institute of Washington Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1994, 32 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, Dance Institute of Washington Inc reported income of $2.5m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dance Institute of Washington Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 70th percentile within DC. Charities of a similar size with the same main cause include River City Housing Inc ($2.5m), Midlands Open Door ($2.5m) and Film Streams Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $977k. At year end it held assets of $1.0m against liabilities of $281k, net assets of $768k. It reported 25 employees.