Jose Limon Dance Foundation

Analysis

Jose Limon Dance Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Jose Limon Dance Foundation reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jose Limon Dance Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Korners Folly Foundation ($1.7m), Timber Lake Playhouse ($1.7m) and Wood Library-Museum of Anesthesiology ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $82k (4.8% of expenses). Other salaries and wages came to $864k. At year end it held assets of $1.3m against liabilities of $188k, net assets of $1.1m. It reported 59 employees.