The Broadway Dance Lab Inc

Analysis

The Broadway Dance Lab Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, The Broadway Dance Lab Inc reported income of $956k and spending of $881k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $547k to $956k (+75%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Broadway Dance Lab Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($956k), Habitat for Humanity International Inc ($956k) and Norwalk Senior Center Inc ($956k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $168k (19% of expenses). Other salaries and wages came to $376k. At year end it held assets of $1.1m against liabilities of $34k, net assets of $1.1m. It reported 149 employees.