Spectrum Dance Theater

Analysis

Spectrum Dance Theater is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1989, 37 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 July 2023, Spectrum Dance Theater reported income of $937k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.2m to $937k (-23%), an average of -6.3% a year. The sharpest change came in the year to July 2023, when income dropped by 24%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spectrum Dance Theater sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Gold Coast Jazz Society Inc ($936k), Mansfield Bio-Incubator Inc ($937k) and Oarc Inc ($936k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $495k. It paid $7,100 in professional fundraising fees. At year end it held assets of $150k against liabilities of $51k, net assets of $98k. It reported 24 employees.