New Wave Dance Youth and Community Development Inc

Analysis

New Wave Dance Youth and Community Development Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, New Wave Dance Youth and Community Development Inc reported income of $56k and spending of $55k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $56k (-13%), an average of -13% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Wave Dance Youth and Community Development Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Rome Community Theater Inc ($56k), National Jazz Festival Inc ($56k) and Greater Denver Area Gem and Mineral Council ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $479 against liabilities of $0, net assets of $479.