American Dance Competition Inc

Analysis

American Dance Competition Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in January 2007, 19 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 April 2024, American Dance Competition Inc reported income of $925k and spending of $702k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to April 2024, income grew from $225k to $925k (+311%), an average of +42% a year. The sharpest change came in the year to April 2022, when income rose by 678%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Dance Competition Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include The Bronx Documentary Center ($925k), Creative Minds NYC Inc ($925k) and Albertine Books Foundation Inc ($925k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $56k (7.9% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.0m against liabilities of $702k, net assets of $321k. It reported 2 employees.