Dance Masters of America Inc

Analysis

Dance Masters of America Inc is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in September 2010, 16 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 August 2023, Dance Masters of America Inc reported income of $781k and spending of $1.0m, spending 130% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $781k (-30%), an average of -8.7% a year. The sharpest change came in the year to August 2021, when income rose by 259%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dance Masters of America Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Fresh Artists ($781k), Illinois State Police Heritage Foundation Incorporated ($782k) and Minnesota Street Project Foundation ($781k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $69k (6.7% of expenses). Other salaries and wages came to $24k. At year end it held assets of $3.2m against liabilities of $5,762, net assets of $3.2m. It reported 2 employees.