Dada NMTC 1 Inc

Analysis

Dada NMTC 1 Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dada NMTC 1 Inc reported income of $446k and spending of $1.2m, spending 272% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $446k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 127387%. Over the whole period it spent 196% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dada NMTC 1 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Duluth Childrens Museum Inc ($446k), Classical Music Chicago ($446k) and California Choral Directors Association ($446k).

At year end it held assets of $24.3m against liabilities of $25.0m, net assets of -$738k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.