Foundation for Dance Education

Analysis

Foundation for Dance Education is a registered charity in United States, based in Montclair, CA. It received its IRS tax-exemption ruling in July 1996, 30 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 August 2022, Foundation for Dance Education reported income of $490k and spending of $504k, spending 103% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $896k to $490k (-45%), an average of -18% a year. The sharpest change came in the year to August 2020, when income dropped by 34%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Dance Education sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Virgin Islands Childrens Museum ($490k), Higher Octave Healing Inc ($490k) and American Choral Directors ($490k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 48% and program service revenue 50% of the total. Other salaries and wages came to $207k. At year end it held assets of $475k against liabilities of $4,651, net assets of $470k. It reported 34 employees.