Vermillion Area Dance Organization Inc

Analysis

Vermillion Area Dance Organization Inc is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in June 2016, 10 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 2024, Vermillion Area Dance Organization Inc reported income of $131k and spending of $135k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $125k to $131k (+5.2%), an average of +5.2% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermillion Area Dance Organization Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within SD. Charities of a similar size with the same main cause include Christiansburg Institute Inc ($131k), Black TV & Film Collective Inc ($131k) and San Diego Young Artists Music Academy Incorporated ($131k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 84% of the total. At year end it held assets of $221k against liabilities of $773, net assets of $220k.