Moves and Grooves Inc

Analysis

Moves and Grooves Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Moves and Grooves Inc reported income of $540k and spending of $547k, spending 101% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $469k to $540k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 393%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Moves and Grooves Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Urban Scholar Academy ($539k), Black Pilots of America Inc ($540k) and Whole Child Leon ($539k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $35k (6.3% of expenses). Other salaries and wages came to $282k. It paid $3,627 in professional fundraising fees. At year end it held assets of $308k against liabilities of $39k, net assets of $269k. It reported 27 employees.