Terpsicorps Theatre of Dance

Analysis

Terpsicorps Theatre of Dance is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2004, 22 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, Terpsicorps Theatre of Dance reported income of $164k and spending of $207k, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $261k to $164k (-37%), an average of -11% a year. The sharpest change came in the year to August 2022, when income dropped by 36%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Terpsicorps Theatre of Dance sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Desert Winds Freedom Band ($164k), South Shore Chorale Inc ($164k) and Shaker Historical Society ($164k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $110k against liabilities of $475, net assets of $110k.