Bombazo Dance Co

Analysis

Bombazo Dance Co is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 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 (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, Bombazo Dance Co reported income of $176k and spending of $157k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $176k (+117%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 172%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bombazo Dance Co sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Community Radio Partners ($176k), Symphonic Chorale of Southwest Florida Inc ($176k) and Etc Foundation ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (25% of expenses). At year end it held assets of $52k against liabilities of $33k, net assets of $19k. It reported 1 employees.