Versa-Style Dance Company

Analysis

Versa-Style Dance Company is a registered charity in United States, based in Sun Valley, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Versa-Style Dance Company reported income of $1.2m and spending of $815k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $1.2m (+324%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Versa-Style Dance Company sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Pilgrim Society ($1.2m), Watson Caring Science Institute ($1.2m) and Concerto Soloists ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $84k (10% of expenses). Other salaries and wages came to $345k. At year end it held assets of $820k against liabilities of $46k, net assets of $773k. It reported 14 employees.