Dancing Crane INC EIN 06-1575768

Dancing Crane INC

EIN  06-1575768 Public charity (501(c)(3)) Brooklyn, NY Founded 1999
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Size
$100K–1M
What they do
Connects Georgian immigrants with NYC through traditional performance arts.
Leadership
Inga Zhghenti · Secretary · $14K
Money in and out
$366K revenue, $339K expenses
Bottom line
94% program efficiency

Connects Georgian immigrants with NYC through traditional performance arts. For fiscal year 2024 it reported $366K in revenue, $339K in expenses, and $153K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▲ +37% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ ×206 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$366K
FY2024▲ +27%
Expenses
$339K
FY2024▲ +18%
Total assets
$588K
FY2024▼ -13%
Total liabilities
$435K
FY2024▼ -21%
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$339K
Pt IX · Ln 25
Net assets
$153K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$588K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $319K of program spending, described in the organization's own filed words · FY2024.
01

Programs services and organization accomplishments include the following: The Organization offers master classes in traditional Georgian dance, music, and theater for students of all ages,with the aim of raising awareness of these traditions through world-class performances around the five boroughs of New York.

$319Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDancing Crane INC
EINHdr · item D06-1575768
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.dancingcrane.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFDec 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$13,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President Treasurer
$0Pt VII · Sec A

Inga Zhghenti’s $14K as Secretary is at the 10th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$274K · 75%
Contributions & grants$90K · 25%
Other revenue$3K · 1%
Program service revenue75%$274K
Contributions & grants25%$90K
Other revenue1%$3K
— government grantsLn 1e$84K
Total revenueLn 12$366K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$319K
Management & general6%$20K
Total functional expensesLn 25$339K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$588K
Total liabilitiesLn 26$435K
Total net assetsLn 32$153K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $339K
2.6 months
Where the money goes
Program services
Program services $319K · Total expenses $339K
94%
Management & General
Management & general $20K · Total expenses $339K
6%
Fundraising
Fundraising $0 · Total expenses $339K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $90K · Total revenue $366K
25%
Government reliance
Government grants $84K · Total revenue $366K
23%
Earned-income share
Program service revenue $274K · Total revenue $366K
75%
Investment reliance
Investment income $0 · Total revenue $366K
0%
Program self-sufficiency
Program service revenue $274K · Total expenses $339K
81%
Growth & trend
Revenue growth (YoY)
This year $366K · Prior year $288K
+27%
Revenue CAGR
FY2020 $126K · FY2024 $366K
+30%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $366K · Expenses $339K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $588K
Net-asset ratio
Net assets $153K · Total assets $588K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $588K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Inga Zhghenti · Reported title SECRETARY · Highest reported compensation $14K · Total expenses $339K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $25K · Total expenses $339K
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Revenue growth 27%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$288K revenue · ⤓ 990 PDF
FY2023$284K revenue · ⤓ 990 PDF
FY2022$232K revenue · ⤓ 990 PDF
FY2021$126K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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