Dante University of America Foundation Inc

Analysis

Dante University of America Foundation Inc is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in January 1980, 46 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 December 2023, Dante University of America Foundation Inc reported income of $197k and spending of $292k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $197k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dante University of America Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include United Way of Lee County Inc ($196k), Milledgeville-Baldwin County Allied Arts Inc ($197k) and Great River Arts Association ($196k).

Compensation of current officers, directors and key employees was $260k (89% of expenses). At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 2 employees.