Hyde Park School of Dance

Analysis

Hyde Park School of Dance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2002, 24 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hyde Park School of Dance reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $960k to $1.2m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hyde Park School of Dance sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Welcome Home Ministries ($1.2m), Japanese Language School of Greater Boston Inc ($1.2m) and Contemporary Art for San Antonio ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $77k (5.7% of expenses). Other salaries and wages came to $719k. At year end it held assets of $1.2m against liabilities of $608k, net assets of $551k. It reported 76 employees.