Tooele Valley Academy of Dance

Analysis

Tooele Valley Academy of Dance is a registered charity in United States, based in Tooele, UT. It received its IRS tax-exemption ruling in December 2010, 16 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 May 2024, Tooele Valley Academy of Dance reported income of $114k and spending of $110k, spending 97% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $108k to $114k (+4.9%), an average of +4.9% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tooele Valley Academy of Dance sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include Rejoice Ministries Inc ($114k), Tiny Dynamite Inc ($114k) and Arlington Philharmonic ($114k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.