American Dance Machine for the 21st Century Foundation Inc

Analysis

American Dance Machine for the 21st Century Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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, American Dance Machine for the 21st Century Foundation Inc reported income of $153k and spending of $149k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $153k (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 196%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Dance Machine for the 21st Century Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Arts Council of Crockett Tennessee ($153k), Hastings Museum Foundation Inc ($153k) and Urban Art Co-Op ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,250 (3.5% of expenses). Other salaries and wages came to $44k. At year end it held assets of $37k against liabilities of $20k, net assets of $17k. It reported 23 employees.