Dance Ring

Analysis

Dance Ring is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 July 2023, Dance Ring reported income of $835k and spending of $960k, spending 115% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $775k to $835k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to July 2022, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dance Ring sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Northern Dutchess Day Care Center Inc ($834k), Sycamore Institute Inc ($835k) and Nordic Ski Club of Fairbanks- Alaska ($834k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 56% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $94k (9.8% of expenses). Other salaries and wages came to $326k. At year end it held assets of $125k against liabilities of $111k, net assets of $14k. It reported 29 employees.