Young Dance Inc

Analysis

Young Dance Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Dance Inc reported income of $381k and spending of $360k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $199k to $381k (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Dance Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Columbians Drum Corps ($381k), Phoenix Film Foundation ($381k) and American Players Theatre Foundation Inc ($381k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $35k (9.7% of expenses). Other salaries and wages came to $175k. At year end it held assets of $157k against liabilities of $130k, net assets of $27k. It reported 34 employees.