Dancefx

Analysis

Dancefx is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in October 2001, 25 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 July 2023, Dancefx reported income of $853k and spending of $890k, spending 104% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.0m to $853k (-19%), an average of -5.0% a year. The sharpest change came in the year to July 2020, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dancefx sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Kumano I Ke Ala O Makaweli ($853k), First City Arts Alliance Inc ($854k) and Don Garlits Museum of Drag Racing Inc ($853k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $169k (19% of expenses). Other salaries and wages came to $39k. At year end it held assets of $142k against liabilities of $33k, net assets of $109k. It reported 6 employees.