American Dance Asylum Inc

Analysis

American Dance Asylum Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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 2023, American Dance Asylum Inc reported income of $416k and spending of $394k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $416k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Dance Asylum Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Council of Science Editors ($416k), Hearts Gathered ($416k) and Committee Against Domestic Violence ($416k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). At year end it held assets of $702k against liabilities of $278k, net assets of $424k. It reported 1 employees.