Allegro Dance Project Inc

Analysis

Allegro Dance Project Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2014, 12 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 August 2024, Allegro Dance Project Inc reported income of $137k and spending of $133k, spending 97% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $118k to $137k (+16%), an average of +16% a year. The sharpest change came in the year to August 2024, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Allegro Dance Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Latinx Kidlit Book Festival Inc ($137k), Prismatic Movement ($137k) and El Camino Real de Los Tejasnational Historic Trail Association ($137k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 78% and program service revenue 18% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.