Ririe-Woodbury Dance Foundation

Analysis

Ririe-Woodbury Dance Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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, Ririe-Woodbury Dance Foundation reported income of $868k and spending of $1.1m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $910k to $868k (-4.5%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ririe-Woodbury Dance Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Chesapeake College Foundation Inc ($868k), Hoban Trust Fund Inc ($869k) and Mid States Habonim Camping Assoc Inc ($868k).

On its Form 990 for the period ending June 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 $183k (17% of expenses). Other salaries and wages came to $406k. At year end it held assets of $1.1m against liabilities of $62k, net assets of $1.0m. It reported 22 employees.