Luna Kids Dance Inc

Analysis

Luna Kids Dance Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. 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 June 2023, Luna Kids Dance Inc reported income of $2.0m and spending of $705k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Luna Kids Dance Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include St Marks Towers Inc ($2.0m), All Square ($2.0m) and Lovelane Special Needs Horseback Riding Program Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $201k (29% of expenses). Other salaries and wages came to $239k. At year end it held assets of $4.7m against liabilities of $1.7m, net assets of $3.0m. It reported 5 employees.