Montclair Academy of Dance and Laboratory of Music Inc

Analysis

Montclair Academy of Dance and Laboratory of Music Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in January 2003, 23 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montclair Academy of Dance and Laboratory of Music Inc reported income of $69k and spending of $72k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $69k (-3.1%), an average of -3.1% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montclair Academy of Dance and Laboratory of Music Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Basement Films Inc ($69k), Trumbull Art Gallery ($69k) and Changing Faces Theater Company ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.