Red Clay Dance Company Inc

Analysis

Red Clay Dance Company Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2009, 17 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, Red Clay Dance Company Inc reported income of $953k and spending of $1.1m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $414k to $953k (+130%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 270%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Clay Dance Company Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Grace House of Memphis Tennessee ($953k), LA Casa de Amistad Inc ($953k) and Texas Golf Association Foundation ($953k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $74k (6.6% of expenses). Other salaries and wages came to $374k. At year end it held assets of $1.1m against liabilities of $549k, net assets of $546k. It reported 13 employees.