Cumbe-Center for African and Diaspora Dance Inc

Analysis

Cumbe-Center for African and Diaspora Dance Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2016, 10 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, Cumbe-Center for African and Diaspora Dance Inc reported income of $987k and spending of $904k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $987k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 90%. 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, Cumbe-Center for African and Diaspora Dance Inc sits at the 86th percentile: it is larger than about 86% 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 Boston Critic Inc ($986k), Nami of Seneca Sandusky and Wyandot ($987k) and Artportunity Knocks ($986k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $380k. At year end it held assets of $408k against liabilities of $90k, net assets of $317k. It reported 22 employees.