Traverse City Dance Project

Analysis

Traverse City Dance Project is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 2017, 9 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, Traverse City Dance Project reported income of $70k and spending of $87k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $70k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Traverse City Dance Project sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Society for the Study of Human Development ($70k), International Choreographed Ballroom Dance Association Inc ($70k) and International Telecommunications Society ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. At year end it held assets of $42k against liabilities of $58k, net assets of -$16k.