Arte Flamenco Dance Theatre

Analysis

Arte Flamenco Dance Theatre is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in May 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 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, Arte Flamenco Dance Theatre reported income of $228k and spending of $193k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $228k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arte Flamenco Dance Theatre sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Vivace Youth Chorus of San Jose ($228k), Longwood Symphony Orchestra Inc ($228k) and Gujarati Samaj of Greater Kansas City Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $25k (13% of expenses). At year end it held assets of $51k against liabilities of $67k, net assets of -$16k.