Heart of Dance

Analysis

Heart of Dance is a registered charity in United States, based in Newport, MN. It received its IRS tax-exemption ruling in August 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 (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, Heart of Dance reported income of $213k and spending of $258k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $349k to $213k (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heart of Dance sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Sacramento Fine Arts Center ($213k), New Amsterdam Presents Inc ($213k) and Peninsula Art Guild ($213k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $87k (34% of expenses). Other salaries and wages came to $124k. At year end it held assets of $78k against liabilities of $30k, net assets of $48k. It reported 15 employees.