Florida Dance Theatre Inc

Analysis

Florida Dance Theatre Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 1995, 31 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, Florida Dance Theatre Inc reported income of $283k and spending of $335k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $283k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Dance Theatre 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 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Brooklyn Film Society Inc ($283k), Iowa Art Works Inc ($283k) and Macomb Ballet Company ($283k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $38k (11% of expenses). Other salaries and wages came to $168k. At year end it held assets of $16k against liabilities of $125k, net assets of -$109k. It reported 15 employees.