American Dance and Music Inc

Analysis

American Dance and Music Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 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 May 2023, American Dance and Music Inc reported income of $177k and spending of $164k, spending 93% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $150k to $177k (+18%), an average of +18% a year. The sharpest change came in the year to May 2023, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Dance and Music Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include San Mateo Nippon Gakuyen ($177k), The Waterfront Museum ($177k) and American Armory Museum ($177k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $71k against liabilities of $26k, net assets of $44k.