NRV Academy of Dance

Analysis

NRV Academy of Dance is a registered charity in United States, based in Christiansburg, VA. It received its IRS tax-exemption ruling in January 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 December 2023, NRV Academy of Dance reported income of $105k and spending of $99k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $105k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NRV Academy of Dance sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Gloriana Opera Co ($105k), Gordon Central Performing Arts Alliance Inc ($105k) and Arts Learning Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 82% of the total. At year end it held assets of $11k against liabilities of $540, net assets of $10k.