National Dance Institute Inc

Analysis

National Dance Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, National Dance Institute Inc reported income of $8.6m and spending of $6.2m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.7m to $8.6m (+51%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Dance Institute Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Blue Lake Fine Arts Camp ($8.6m), Andrew Jackson Foundation ($8.6m) and Gateway Creative Broadcasting Inc ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $723k (12% of expenses). Other salaries and wages came to $3.2m. It paid $38k in professional fundraising fees. At year end it held assets of $36.3m against liabilities of $684k, net assets of $35.7m. It reported 99 employees.