Compass Dance Academy

Analysis

Compass Dance Academy is a registered charity in United States, based in Tyrone, GA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Compass Dance Academy reported income of $356k and spending of $348k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $356k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Compass Dance Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Clearwater Aquatic Team Inc ($356k), Camp Argo ($356k) and Mid-Ohio Youth Mentoring Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $58k (17% of expenses). Other salaries and wages came to $141k. At year end it held assets of $107k against liabilities of -$14k, net assets of $121k. It reported 23 employees.