The International Association of Blacks in Dance Inc

Analysis

The International Association of Blacks in Dance Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2012, 14 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, The International Association of Blacks in Dance Inc reported income of $2.1m and spending of $2.7m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $775k to $2.1m (+170%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 203%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The International Association of Blacks in Dance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include As 220 ($2.1m), Hambidge Center for Creative Arts & Sciences Inc ($2.1m) and Port Chester Council for the Arts ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $265k (9.9% of expenses). Other salaries and wages came to $318k. At year end it held assets of $4.9m against liabilities of $4,469, net assets of $4.9m. It reported 12 employees.