Ovations Dance Repertory Corp

Analysis

Ovations Dance Repertory Corp is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 2001, 25 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 2020, Ovations Dance Repertory Corp reported income of $51k and spending of $50k, spending 98% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $88k to $51k (-42%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ovations Dance Repertory Corp sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Henry County Furniture Museum Inc ($51k), Chelsea Opera Inc ($51k) and Sweet Adelines International ($51k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. At year end it held assets of $15k against liabilities of $5,125, net assets of $9,743.