Dance Initiative Inc

Analysis

Dance Initiative Inc is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Dance Initiative Inc reported income of $110k and spending of $106k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $110k (-52%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 103% 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 Initiative Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within CO. Charities of a similar size with the same main cause include Crave Theatre Company ($110k), Charm School Project for Girls ($110k) and Tabernacle Productions Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.