Grace Dance Theater of Philadelphia Inc

Analysis

Grace Dance Theater of Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 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 December 2023, Grace Dance Theater of Philadelphia Inc reported income of $87k and spending of $13k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $87k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grace Dance Theater of Philadelphia Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Huachuca Art Association Inc ($87k), The Anchorage Symphony Orchestra Endowment Foundation ($87k) and Colorado Environmental Film Festival ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.