307 Dance Academy

Analysis

307 Dance Academy is a registered charity in United States, based in Casper, WY. It received its IRS tax-exemption ruling in August 2011, 15 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 August 2023, 307 Dance Academy reported income of $185k and spending of $217k, spending 117% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income fell from $263k to $185k (-30%), an average of -16% a year. The sharpest change came in the year to August 2022, when income dropped by 31%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 307 Dance Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WY. Charities of a similar size with the same main cause include Choral Art Society ($185k), Christian Youth Theater Tucson ($185k) and Mountain Artist Guild ($185k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 3.6% and program service revenue 25% of the total. At year end it held assets of $69k against liabilities of $28k, net assets of $41k.