American Dance Institute Inc

Analysis

American Dance Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1999, 27 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Dance Institute Inc reported income of $232k and spending of $1.7m, spending 725% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $416k to $232k (-44%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 2544%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Dance Institute Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Michael J Quill Irish Cultural and Sports Centre Inc ($232k), Franco-American Centre Franco American ($232k) and Northwest Rankin High School Choral Music Booster Club ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $230k (14% of expenses). Other salaries and wages came to $366k. At year end it held assets of $11.4m against liabilities of $5.1m, net assets of $6.4m. It reported 20 employees.