Dance Masters of America New England Chap 5 Inc

Analysis

Dance Masters of America New England Chap 5 Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Dance Masters of America New England Chap 5 Inc reported income of $182k and spending of $158k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $182k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 286%. Over the whole period it spent 90% 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 Masters of America New England Chap 5 Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Bright Hill Press Inc ($182k), Heaven Gallery ($182k) and Temple of Music ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $14k (8.8% of expenses). At year end it held assets of $333k against liabilities of $0, net assets of $333k.