Queensboro Dance Festival Inc

Analysis

Queensboro Dance Festival Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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, Queensboro Dance Festival Inc reported income of $199k and spending of $187k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $199k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queensboro Dance Festival Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Coaling Fire Protection District ($199k), Demolay International ($199k) and Nason Foundation ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $34k (18% of expenses). At year end it held assets of $84k against liabilities of $23k, net assets of $61k. It reported 1 employees.