Carolina Dance Foundation

Analysis

Carolina Dance Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carolina Dance Foundation reported income of $142k and spending of $167k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $260k to $142k (-45%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Dance Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Point Loma Summer Concerts ($142k), Joint Alumni Association of Chinese Universities in Northern Californi ($142k) and Spiderwoman Theatre Workshop Inc ($142k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.8% and program service revenue 19% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.