American College Dance Association Inc

Analysis

American College Dance Association Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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, American College Dance Association Inc reported income of $359k and spending of $356k, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $206k to $359k (+75%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American College Dance Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Sfpe Educational and Scientific Foundation Inc ($359k), Howe Library ($359k) and Yarmouth Library Association ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $119k (33% of expenses). Other salaries and wages came to $54k. At year end it held assets of $358k against liabilities of $78k, net assets of $280k. It reported 2 employees.