Legworks Dance Competition Inc

Analysis

Legworks Dance Competition Inc is a registered charity in United States, based in Mastic, NY. It received its IRS tax-exemption ruling in August 2016, 10 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, Legworks Dance Competition Inc reported income of $150k and spending of $170k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $150k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Legworks Dance Competition Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Worthington Historical Society Inc ($150k), Wild Horse Productions ($150k) and Releve Collective Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.