Kentucky Dance Council Inc

Analysis

Kentucky Dance Council Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1953, 73 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 May 2024, Kentucky Dance Council Inc reported income of $6.5m and spending of $5.9m, spending 91% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $4.0m to $6.5m (+60%), an average of +9.9% a year. The sharpest change came in the year to May 2022, when income rose by 55%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kentucky Dance Council Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Lehigh Valley Public Telecommunications Corp ($6.5m), Friends of KSPS ($6.5m) and Youth America Grand Prix Inc ($6.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $191k (3.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.6m against liabilities of $4.5m, net assets of $135k. It reported 96 employees.