The Heart of Dance

Analysis

The Heart of Dance is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, The Heart of Dance reported income of $279k and spending of $302k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $238k to $279k (+17%), an average of +4.0% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Heart of Dance sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Wi Fairs Inc ($279k), Pulse Ensemble Theatre Inc ($279k) and Media Projects Inc ($279k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $26k (8.6% of expenses). Other salaries and wages came to $101k. At year end it held assets of $903k against liabilities of $372k, net assets of $532k. It reported 10 employees.