Danspace Project Inc
Danspace Project Inc. faces recurring operational deficits despite maintaining a healthy asset base and reporting no officer compensation.
EIN: 133320972 · New York, NY · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Danspace Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Danspace Project Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Danspace Project Inc
Danspace Project Inc (EIN: 133320972) is a nonprofit organization based in New York, NY, classified under NTEE code A610. The organization reported total revenue of $2.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Danspace Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Danspace Project Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $860K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-509,834 |
| Total Assets | $1.3M |
| Total Liabilities | $215K |
| Net Assets | $1.1M |
| Operating Margin | -59.3% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 11.4 months |
Financial Health Grade: B
In 2023, Danspace Project Inc reported a deficit of $510K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Danspace Project Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.0% | +6.4% | -19.6% |
| 2022 | +16.8% | +7.7% | -2.2% |
| 2021 | +0.5% | -6.9% | -2.7% |
| 2020 | -29.6% | -5.3% | +1.9% |
| 2019 | -5.2% | +10.6% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Danspace Project Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Danspace Project Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $510K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
Danspace Project Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting that all funds are directed towards the organization's mission and operational costs rather than executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Danspace Project Inc's IRS 990 filings:
- Recurring operational deficits, notably a $509,834 deficit in 202306 (Expenses $1,369,898 vs. Revenue $860,064).
- Significant increase in liabilities from $24,377 in 202206 to $215,314 in 202306.
Strengths
The following positive indicators were identified for Danspace Project Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Maintained a healthy asset base, consistently above $1 million in recent years, providing financial stability.
- Strong program focus, as implied by the lack of executive compensation and the nature of an arts organization.
Frequently Asked Questions about Danspace Project Inc
Is Danspace Project Inc a legitimate charity?
Danspace Project Inc (EIN: 133320972) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Danspace Project Inc spend its money?
Danspace Project Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Danspace Project Inc tax-deductible?
Danspace Project Inc is registered as a tax-exempt nonprofit (EIN: 133320972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Danspace Project Inc's spending goes to programs?
Danspace Project Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Danspace Project Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Danspace Project Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Danspace Project Inc located?
Danspace Project Inc is headquartered in New York, New York and files with the IRS under EIN 133320972. It is classified under NTEE code A610.
How many years of IRS 990 filings does Danspace Project Inc have?
Danspace Project Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Is Danspace Project Inc. financially sustainable given its recurring operational deficits?
While Danspace Project Inc. has a healthy asset base (e.g., $1,304,509 in 202306), it has experienced operational deficits in multiple years, including a significant one of over $500,000 in 202306. This pattern suggests a need for improved revenue generation or expense management to ensure long-term sustainability.
How does Danspace Project Inc. manage without paying officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership may be volunteer-based or compensated through other means not classified as officer compensation, or that the roles are structured differently. This practice allows more funds to be allocated directly to programs.
What caused the significant increase in liabilities in 202306?
Liabilities increased from $24,377 in 202206 to $215,314 in 202306. Without further detail from the full 990 filing, it's difficult to pinpoint the exact cause, but it could be due to deferred revenue, accounts payable, or short-term loans, which would warrant further investigation.
Filing History
IRS 990 filing history for Danspace Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Danspace Project Inc's revenue has declined by 32.3%, moving from $1.3M to $860K. Total assets increased by 23.6% over the same period, from $1.1M to $1.3M. Total functional expenses rose by 22.1%, from $1.1M to $1.4M. In its most recent filing year (2023), Danspace Project Inc reported a deficit of $510K, with expenses exceeding revenue. The organization holds $215K in liabilities against $1.3M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $860K | $1.4M | $1.3M | $215K | — | — |
| 2022 | $1.4M | $1.3M | $1.6M | $24K | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.7M | $140K | — | — |
| 2020 | $1.2M | $1.3M | $1.7M | $160K | — | View 990 |
| 2019 | $1.7M | $1.4M | $1.7M | $9K | — | View 990 |
| 2018 | $1.7M | $1.2M | $1.4M | $8K | — | View 990 |
| 2017 | $1.0M | $1.2M | $878K | $29K | — | View 990 |
| 2016 | $818K | $1.2M | $1.1M | $9K | — | View 990 |
| 2015 | $1.8M | $1.1M | $1.4M | $23K | — | View 990 |
| 2014 | $830K | $1.2M | $697K | $11K | — | View 990 |
| 2013 | $1.0M | $1.1M | $1.0M | $13K | — | View 990 |
| 2012 | $1.2M | $1.1M | $1.1M | $19K | — | View 990 |
| 2011 | $1.3M | $1.1M | $1.1M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $860K, expenses of $1.4M, and assets of $1.3M (revenue -37.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +16.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.7M (revenue +0.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $1.7M (revenue -29.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $1.7M (revenue -5.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.2M, and assets of $1.4M (revenue +68.9% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.2M, and assets of $878K (revenue +26.2% year-over-year).
- 2016: Revenue of $818K, expenses of $1.2M, and assets of $1.1M (revenue -54.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.1M, and assets of $1.4M (revenue +114.1% year-over-year).
- 2014: Revenue of $830K, expenses of $1.2M, and assets of $697K (revenue -20.9% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $1.0M (revenue -12.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue -6.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Danspace Project Inc:
Data Sources and Methodology
This transparency report for Danspace Project Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.