Dance Palace

Analysis

Dance Palace is a registered charity in United States, based in Pt Reyes Sta, CA. It received its IRS tax-exemption ruling in August 1978, 48 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 June 2024, Dance Palace reported income of $497k and spending of $568k, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $597k to $497k (-17%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income dropped by 54%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dance Palace sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Society for the Performing Arts Foundation ($497k), Culture for One Inc ($497k) and Childrens Discovery Museum of Cape Cod Inc ($497k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $165k (29% of expenses). Other salaries and wages came to $150k. At year end it held assets of $956k against liabilities of $5,919, net assets of $950k. It reported 11 employees.

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.