Milton J Dance Jr Endowment Inc

Analysis

Milton J Dance Jr Endowment Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in December 1977, 49 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milton J Dance Jr Endowment Inc reported income of $1.0m and spending of $900k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.0m to $1.0m (-93%), an average of -48% a year. The sharpest change came in the year to June 2021, when income rose by 235%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milton J Dance Jr Endowment Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Melrose Villa Hermosa Housing Development Fund Company Inc ($1.0m), Volunteers of America Inc ($1.0m) and Chattanooga Ballet Inc ($1.0m).

At year end it held assets of $46.1m against liabilities of $0, net assets of $46.1m.