Cultura Latina Dance Academy Incorporated

Analysis

Cultura Latina Dance Academy Incorporated is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in August 2022, 4 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 December 2023, Cultura Latina Dance Academy Incorporated reported income of $163k and spending of $187k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $51k to $163k (+222%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultura Latina Dance Academy Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Harold Clurman Laboratory Theater Company Inc ($163k), Placer Theatre Ballet ($163k) and North Oakland Dance Troop ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,082 against liabilities of $51k, net assets of -$46k.