Gina Gibney Dance Inc
Gina Gibney Dance Inc. reports significant asset growth and no officer compensation, but incurred a substantial deficit and increased liabilities in the latest fiscal year.
EIN: 133623815 · New York, NY · NTEE: A62Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.5M |
| Total Expenses | $13.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $3.4M |
| Transparency Score | 78/100 |
Is Gina Gibney Dance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gina Gibney Dance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gina Gibney Dance Inc
Gina Gibney Dance Inc (EIN: 133623815) is a nonprofit organization based in New York, NY, classified under NTEE code A62Z. The organization reported total revenue of $8.5M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gina Gibney Dance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gina Gibney Dance Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $13.1M |
| Surplus / Deficit | $-4,542,852 |
| Total Assets | $18.9M |
| Total Liabilities | $15.5M |
| Net Assets | $3.4M |
| Operating Margin | -53.0% |
| Debt-to-Asset Ratio | 82.0% |
| Months of Reserves | 17.3 months |
Financial Health Grade: C
In 2023, Gina Gibney Dance Inc reported a deficit of $4.5M with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 82.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gina Gibney Dance Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.5% | +13.3% | +76.8% |
| 2022 | +54.5% | +57.0% | -0.3% |
| 2021 | +1.0% | -1.4% | +2.0% |
| 2020 | +4.2% | -0.4% | +18.4% |
| 2019 | +1.9% | +15.7% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Gina Gibney Dance Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Gina Gibney Dance Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. 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 $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $8 million. This suggests either a fully volunteer executive leadership or that compensation is reported under different categories, which could impact transparency.
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 Gina Gibney Dance Inc's IRS 990 filings:
- Significant deficit in the latest fiscal year (202306), with expenses exceeding revenue by over $4.5 million.
- Dramatic increase in liabilities from $2.7 million in 202206 to $15.5 million in 202306, warranting further investigation.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency in executive remuneration.
Strengths
The following positive indicators were identified for Gina Gibney Dance Inc:
- Strong asset growth over the past decade, from $3.9 million in 201406 to $18.9 million in 202306.
- Historically strong program spending, indicating a focus on its mission.
- Consistent revenue generation, generally in the $7-12 million range annually.
Frequently Asked Questions about Gina Gibney Dance Inc
Is Gina Gibney Dance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gina Gibney Dance Inc (EIN: 133623815) some concerns. Mission Score: 78/100. 3 red flags identified, 3 strengths noted.
How does Gina Gibney Dance Inc spend its money?
Gina Gibney Dance Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gina Gibney Dance Inc tax-deductible?
Gina Gibney Dance Inc is registered as a tax-exempt nonprofit (EIN: 133623815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gina Gibney Dance Inc CEO make?
Gina Gibney Dance Inc's highest-compensated officer earns $8 annually. The organization reported $8.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gina Gibney Dance Inc's spending goes to programs?
Gina Gibney Dance Inc directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gina Gibney Dance Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Gina Gibney Dance Inc is above average for NTEE category A62Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gina Gibney Dance Inc located?
Gina Gibney Dance Inc is headquartered in New York, New York and files with the IRS under EIN 133623815. It is classified under NTEE code A62Z.
How many years of IRS 990 filings does Gina Gibney Dance Inc have?
Gina Gibney Dance 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 $8.5M in total revenue.
Is Gina Gibney Dance Inc. financially stable given the latest deficit and increase in liabilities?
While the organization has substantial assets of $18,931,553, the 202306 period showed expenses ($13,106,574) significantly exceeding revenue ($8,563,722), resulting in a deficit. Additionally, liabilities surged to $15,529,846. This combination suggests a need for careful monitoring of its financial health and the nature of these liabilities.
How is executive leadership compensated if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It raises questions about how executive leadership is compensated, if at all, or if their compensation is categorized differently within the financial statements, which could affect transparency.
What caused the significant increase in liabilities in the 202306 fiscal period?
Liabilities increased dramatically from $2,761,694 in 202206 to $15,529,846 in 202306. Understanding the nature of this increase (e.g., new debt, capital project financing) is crucial for assessing the organization's financial risk and future obligations.
Filing History
IRS 990 filing history for Gina Gibney Dance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gina Gibney Dance Inc's revenue has grown by 1508.7%, moving from $532K to $8.6M. Total assets increased by 7167.9% over the same period, from $260K to $18.9M. Total functional expenses rose by 2987.5%, from $425K to $13.1M. In its most recent filing year (2023), Gina Gibney Dance Inc reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $15.5M in liabilities against $18.9M in assets (debt-to-asset ratio: 82.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.6M | $13.1M | $18.9M | $15.5M | — | — |
| 2022 | $12.9M | $11.6M | $10.7M | $2.8M | — | View 990 |
| 2021 | $8.3M | $7.4M | $10.7M | $4.1M | — | View 990 |
| 2020 | $8.2M | $7.5M | $10.5M | $4.8M | — | View 990 |
| 2019 | $7.9M | $7.5M | $8.9M | $4.0M | — | View 990 |
| 2018 | $7.8M | $6.5M | $9.1M | $4.5M | — | View 990 |
| 2017 | $6.0M | $5.4M | $4.7M | $1.4M | — | View 990 |
| 2016 | $4.4M | $4.7M | $3.9M | $1.2M | — | View 990 |
| 2015 | $4.4M | $4.3M | $4.0M | $1.0M | — | View 990 |
| 2014 | $5.2M | $2.8M | $3.9M | $1.0M | — | View 990 |
| 2013 | $1.4M | $1.2M | $575K | $68K | — | View 990 |
| 2012 | $1.2M | $903K | $476K | $114K | — | View 990 |
| 2011 | $532K | $425K | $260K | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.6M, expenses of $13.1M, and assets of $18.9M (revenue -33.5% year-over-year).
- 2022: Revenue of $12.9M, expenses of $11.6M, and assets of $10.7M (revenue +54.5% year-over-year).
- 2021: Revenue of $8.3M, expenses of $7.4M, and assets of $10.7M (revenue +1.0% year-over-year).
- 2020: Revenue of $8.2M, expenses of $7.5M, and assets of $10.5M (revenue +4.2% year-over-year).
- 2019: Revenue of $7.9M, expenses of $7.5M, and assets of $8.9M (revenue +1.9% year-over-year).
- 2018: Revenue of $7.8M, expenses of $6.5M, and assets of $9.1M (revenue +29.0% year-over-year).
- 2017: Revenue of $6.0M, expenses of $5.4M, and assets of $4.7M (revenue +36.6% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.7M, and assets of $3.9M (revenue -0.1% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.3M, and assets of $4.0M (revenue -15.0% year-over-year).
- 2014: Revenue of $5.2M, expenses of $2.8M, and assets of $3.9M (revenue +277.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $575K (revenue +17.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $903K, and assets of $476K (revenue +119.2% year-over-year).
- 2011: Revenue of $532K, expenses of $425K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gina Gibney Dance Inc:
Data Sources and Methodology
This transparency report for Gina Gibney Dance 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.