Fusion Performing Dance Academy

Analysis

Fusion Performing Dance Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2008, 18 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, Fusion Performing Dance Academy reported income of $60k and spending of $78k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $60k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fusion Performing Dance Academy sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Agnes and Abram Gaar Foundation Inc ($60k), Two Harbors Community Radio ($60k) and Salem Orchestra ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.5% of the total. At year end it held assets of $52k against liabilities of $11k, net assets of $41k.