Center for Modern Dance Education Inc

Analysis

Center for Modern Dance Education Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in June 1965, 61 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 May 2024, Center for Modern Dance Education Inc reported income of $223k and spending of $263k, spending 118% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $163k to $223k (+37%), an average of +8.2% a year. The sharpest change came in the year to May 2023, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Modern Dance Education Inc 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 63rd percentile within NJ. Charities of a similar size with the same main cause include Nittany Antique Machinery Association ($223k), Outcry Theatre Inc ($223k) and Youth Dance Ensemble ($223k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $40k (15% of expenses). Other salaries and wages came to $113k. At year end it held assets of $148k against liabilities of $965, net assets of $147k. It reported 16 employees.