Daces Rock N More Music Academy

Analysis

Daces Rock N More Music Academy is a registered charity in United States, based in Maple Valley, WA. It received its IRS tax-exemption ruling in December 2010, 16 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 May 2023, Daces Rock N More Music Academy reported income of $263k and spending of $320k, spending 122% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $267k to $263k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to May 2023, when income rose by 29%. 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, Daces Rock N More Music Academy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Kansas School of Classical Ballet Inc ($263k), Massachusetts Review Inc ($263k) and Art Camp 504 ($263k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $117k (37% of expenses). Other salaries and wages came to $55k. At year end it held assets of $51k against liabilities of $138k, net assets of -$87k. It reported 9 employees.