LA Contemporary Dance

Analysis

LA Contemporary Dance is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in September 2005, 21 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 December 2023, LA Contemporary Dance reported income of $219k and spending of $224k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $215k to $219k (+1.6%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Contemporary Dance sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Anchorage Community Theatre Inc ($219k), Kentucky Derby Festival Foundation Inc ($219k) and Jain Society of Oregon and SW Washington ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $69k (31% of expenses). Other salaries and wages came to $57k. At year end it held assets of $139k against liabilities of $3,343, net assets of $135k. It reported 12 employees.