Lubovitch Dance Foundation Inc

Analysis

Lubovitch Dance Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1972, 54 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 June 2023, Lubovitch Dance Foundation Inc reported income of $272k and spending of $310k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $348k to $272k (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lubovitch Dance Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include American Chemical Society ($272k), Southeastern Connecticut Cultural Coalition ($272k) and Live the Spirit Residency ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $91k. At year end it held assets of $281k against liabilities of $325, net assets of $281k. It reported 5 employees.