Moving Forward Contemporary Asian American Dance Co

Analysis

Moving Forward Contemporary Asian American Dance Co is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Moving Forward Contemporary Asian American Dance Co reported income of $666k and spending of $796k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $666k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Moving Forward Contemporary Asian American Dance Co sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Uptown Music Collective ($666k), Guitar Center Music Foundation ($666k) and Historic Westville Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $60k (7.6% of expenses). Other salaries and wages came to $371k. It paid $13k in professional fundraising fees. At year end it held assets of $466k against liabilities of $30k, net assets of $437k. It reported 5 employees.