Dancefusion Inc

Analysis

Dancefusion Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1988, 38 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 2024, Dancefusion Inc reported income of $299k and spending of $322k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $259k to $299k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dancefusion Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include New London Maritime Society Inc ($299k), Frances Mahon Deaconess Hospital Foundation Inc ($299k) and Alliance High School Foundation of Alliance Ohio ($299k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $56k (18% of expenses). Other salaries and wages came to $47k. At year end it held assets of $37k against liabilities of $189k, net assets of -$152k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.