Dragonfly Aerial and Circus Arts Studio

Analysis

Dragonfly Aerial and Circus Arts Studio is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Dragonfly Aerial and Circus Arts Studio reported income of $121k and spending of $103k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $81k to $121k (+49%), an average of +49% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dragonfly Aerial and Circus Arts Studio sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Marin Cultural Association ($121k), Echo Theatre ($121k) and Wheaton Arts Parade Inc ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 63% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.