Rivertown Dance Academy

Analysis

Rivertown Dance Academy is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Rivertown Dance Academy reported income of $394k and spending of $359k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $284k to $394k (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rivertown Dance Academy sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Moravian Music Foundation Inc ($394k), Initiatives of Change Inc ($394k) and Central Current Inc ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $56k (16% of expenses). Other salaries and wages came to $123k. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 36 employees.