New Dance Theatre Inc

Analysis

New Dance Theatre Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1974, 52 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 December 2023, New Dance Theatre Inc reported income of $6.2m and spending of $3.0m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $6.2m (+200%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Dance Theatre Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Wide Angle Youth Media Inc ($6.2m), Ellen Noel Art Museum of the Permian Basin ($6.2m) and Queens Museum of Art New York City Building ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $194k (6.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $13.8m against liabilities of $2.0m, net assets of $11.8m. It reported 42 employees.