Freespace Dance Inc

Analysis

Freespace Dance Inc is a registered charity in United States, based in Upr Montclair, NJ. It received its IRS tax-exemption ruling in July 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 December 2023, Freespace Dance Inc reported income of $68k and spending of $72k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $68k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freespace Dance Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Portland Tango Association Inc ($68k), Great Cranberry Historical Society ($68k) and Brain and Body Music Studio ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $29k against liabilities of $2,030, net assets of $27k.