Spanish Dance Arts Company Inc

Analysis

Spanish Dance Arts Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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 June 2023, Spanish Dance Arts Company Inc reported income of $1.6m and spending of $1.9m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $973k to $1.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 118%. 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, Spanish Dance Arts Company Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Vineyard Montessori School Inc ($1.6m), Capitol District Christian Mens Fellowship Inc ($1.6m) and S E M Villa II Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $129k (6.6% of expenses). Other salaries and wages came to $361k. At year end it held assets of $286k against liabilities of $88k, net assets of $199k. It reported 51 employees.