Hollywood Studio of Dance

Analysis

Hollywood Studio of Dance is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 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 December 2023, Hollywood Studio of Dance reported income of $129k and spending of $131k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $129k (+13%), an average of +13% a year. 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, Hollywood Studio of Dance sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Common Foundation Inc ($129k), Unity Broadcasting Inc ($129k) and Friends of Historic Sharon High School and Community Center ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.