Bharatam Academy of Dance Arts

Analysis

Bharatam Academy of Dance Arts is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in June 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bharatam Academy of Dance Arts reported income of $217k and spending of $227k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $217k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bharatam Academy of Dance Arts sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Historic Downtown Prosser Association ($217k), Freedom Arts and Education Center ($217k) and Opera Project Columbus Incorporated ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $100k (44% of expenses). At year end it held assets of $30k against liabilities of $3,799, net assets of $26k. It reported 1 employees.