Leap of Faith Dance Company

Analysis

Leap of Faith Dance Company is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in November 2009, 17 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 July 2024, Leap of Faith Dance Company reported income of $809k and spending of $784k, spending 97% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $566k to $809k (+43%), an average of +9.3% a year. The sharpest change came in the year to July 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leap of Faith Dance Company sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Scott Boudin Festival Association Inc ($809k), Thompson Park Conservancy Inc ($809k) and Bayshore Center at Bivalve Inc ($808k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $170k (22% of expenses). Other salaries and wages came to $183k. At year end it held assets of $373k against liabilities of $18k, net assets of $355k. It reported 2 employees.