New Dance Complex Inc

Analysis

New Dance Complex Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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, New Dance Complex Inc reported income of $936k and spending of $840k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $844k to $936k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Dance Complex Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Medical Eye Bank of West Virginia Inc ($936k), Esperanza Center Health Services Inc ($937k) and Chester Education Foundation ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). Other salaries and wages came to $121k. At year end it held assets of $1.4m against liabilities of $516k, net assets of $837k. It reported 5 employees.