Corning Dances & Company

Analysis

Corning Dances & Company is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1997, 29 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 July 2024, Corning Dances & Company reported income of $103k and spending of $79k, leaving 23% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $69k to $103k (+48%), an average of +48% a year. The sharpest change came in the year to July 2024, when income rose by 48%. 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, Corning Dances & Company sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Friends of the Chappaqua Performing Arts Center Inc ($103k), Kalamazoo Civic Theatre Foundation ($103k) and Metropolitan Music Community ($103k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 85% and program service revenue 13% of the total. At year end it held assets of $94k against liabilities of $43, net assets of $94k.