American Dance Festival Inc

Analysis

American Dance Festival Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1976, 50 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, American Dance Festival Inc reported income of $4.4m and spending of $3.6m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.5m to $4.4m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to September 2020, when income dropped by 46%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Dance Festival Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Philadelphia Orchestra and Kimmel Center Inc ($4.4m), Arizona Musicfest ($4.4m) and Lion Global Foundation ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $236k (6.6% of expenses). Other salaries and wages came to $768k. At year end it held assets of $14.2m against liabilities of $303k, net assets of $13.9m. It reported 36 employees.