Dance Theatre Fairbanks

Analysis

Dance Theatre Fairbanks is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, Dance Theatre Fairbanks reported income of $141k and spending of $153k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $181k to $141k (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dance Theatre Fairbanks sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within AK. Charities of a similar size with the same main cause include Virgin Valley Theatre Group ($141k), Redemptive Dance Ministries ($141k) and Shaolin Hung Mei Kung Fu Association ($141k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $54k. At year end it held assets of $206k against liabilities of $335k, net assets of -$130k. It reported 6 employees.