Heat Danceline Incorporated

Analysis

Heat Danceline Incorporated is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Heat Danceline Incorporated reported income of $133k and spending of $121k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $133k (-34%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heat Danceline Incorporated sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Buffalo Bisons Charitable Foundation ($133k), Missouri School Nutrition Association ($133k) and Memorial Spring Branch Rotary Club Charities Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (10% of expenses). At year end it held assets of $969 against liabilities of $75k, net assets of -$74k.