New Life Dance Inc

Analysis

New Life Dance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1980, 46 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 2024, New Life Dance Inc reported income of $61k and spending of $80k, spending 131% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $39k to $61k (+58%), an average of +58% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Life Dance Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include PTA North Carolina Congress ($61k), Birthright of Charleston ($61k) and Little League Baseball Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.