Association for Development of Dramatic Arts Inc

Analysis

Association for Development of Dramatic Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2020, 6 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, Association for Development of Dramatic Arts Inc reported income of $179k and spending of $165k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $179k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. 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, Association for Development of Dramatic Arts Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Mid-Hudson Heritage Center Inc ($179k), Durham Symphony Incorporated ($179k) and Kauai Music Festival ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $43k. It paid $15k in professional fundraising fees. At year end it held assets of $19k against liabilities of $25k, net assets of -$5,928.