H T Dance Company-Chen Dance Center

Analysis

H T Dance Company-Chen Dance Center 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 June 2023, H T Dance Company-Chen Dance Center reported income of $298k and spending of $215k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $298k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2020, when income rose by 143%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H T Dance Company-Chen Dance Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Warrior Freedom Service Dogs Inc ($298k), Norfolk Senior Housing Corporation ($298k) and Camp Fire ($298k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $49k (23% of expenses). Other salaries and wages came to $80k. At year end it held assets of $1.2m against liabilities of $7,931, net assets of $1.2m. It reported 14 employees.