Owensboro Dance Theater Inc

Analysis

Owensboro Dance Theater Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2023, Owensboro Dance Theater Inc reported income of $328k and spending of $349k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $289k to $328k (+14%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Owensboro Dance Theater Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Salisbury Community TV and Media Center Inc ($328k), Gilbert Historical Society Inc ($328k) and Knights of St Patrick Inc ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Other salaries and wages came to $92k. At year end it held assets of $291k against liabilities of $8,574, net assets of $282k. It reported 8 employees.