Gaston Dance Inc

Analysis

Gaston Dance Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in November 1983, 43 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 2024, Gaston Dance Inc reported income of $307k and spending of $261k, spending 85% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $218k to $307k (+41%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaston Dance Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Chelmsford Youth Baseball Inc ($307k), Calhoun Cleburne Childrens Center Inc ($307k) and Christos Center ($307k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $123k. At year end it held assets of $282k against liabilities of $0, net assets of $282k. It reported 11 employees.