Lady Hoofers Tap Ensemble

Analysis

Lady Hoofers Tap Ensemble is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2021, 5 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, Lady Hoofers Tap Ensemble reported income of $133k and spending of $126k, spending 94% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $40k to $133k (+235%), an average of +83% a year. The sharpest change came in the year to June 2023, when income rose by 173%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lady Hoofers Tap Ensemble 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 42nd percentile within PA. Charities of a similar size with the same main cause include Parnassus Society ($133k), Sacramento Mahaperiyavaa Mandali ($133k) and Southeast Innovation Institute ($133k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $46k against liabilities of $1,480, net assets of $45k.