Dancing Dreams

Analysis

Dancing Dreams is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in March 2008, 18 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, Dancing Dreams reported income of $399k and spending of $355k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $413k to $399k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dancing Dreams sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Southwest Renewal Foundation of High Point ($399k), West Virginia Italian Heritage Festival Inc ($399k) and Blue Grass Trust for Historic Preservation Inc ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $66k (19% of expenses). Other salaries and wages came to $167k. At year end it held assets of $886k against liabilities of -$4,056, net assets of $890k. It reported 13 employees.