Florida Arts & Dance Company

Analysis

Florida Arts & Dance Company is a registered charity in United States, based in Palm City, FL. It received its IRS tax-exemption ruling in August 1996, 30 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Florida Arts & Dance Company reported income of $146k and spending of $144k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $208k to $146k (-30%), an average of -8.5% a year. The sharpest change came in the year to August 2020, when income dropped by 51%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Arts & Dance Company sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Journal of Extension ($146k), Alaria Chamber Ensemble Inc ($146k) and North Dakota Music Educators Association ($146k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $6,724 (4.7% of expenses). Other salaries and wages came to $52k. At year end it held assets of $3,260 against liabilities of $105k, net assets of -$101k. It reported 10 employees.