Crested Butte School of Dance Inc

Analysis

Crested Butte School of Dance Inc is a registered charity in United States, based in Crested Butte, CO. It received its IRS tax-exemption ruling in February 2005, 21 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crested Butte School of Dance Inc reported income of $92k and spending of $130k, spending 141% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $366k to $92k (-75%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crested Butte School of Dance Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include San Felipe Ex-Students Memorial Center Inc ($92k), Pinewood Bowl Inc ($92k) and Black Lunch Table FNP ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $22k (17% of expenses). Other salaries and wages came to $48k. At year end it held assets of $107k against liabilities of $5,530, net assets of $101k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.