Institute of Dance Arts Incorporated

Analysis

Institute of Dance Arts Incorporated is a registered charity in United States, based in St Aug Beach, FL. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Institute of Dance Arts Incorporated reported income of $764k and spending of $739k, spending 97% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $556k to $764k (+38%), an average of +11% a year. The sharpest change came in the year to July 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Dance Arts Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Marble Hill Nursery School ($764k), San Francisco Coalition of Essential Small Schools ($765k) and Crestwood Day School Inc ($764k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $63k (8.5% of expenses). Other salaries and wages came to $283k. At year end it held assets of $384k against liabilities of $4,883, net assets of $379k. It reported 31 employees.