Velocity Dance Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 273,165 | 399,916 | −126,751 | 4.6 | 25% |
| 2011 | 546,031 | 421,431 | 124,600 | 7.9 | 23% |
| 2012 | 537,284 | 508,341 | 28,943 | 7.8 | 22% |
| 2013 | 539,768 | 577,164 | −37,396 | 6.1 | 31% |
| 2014 | 895,575 | 857,205 | 38,370 | 4.7 | 22% |
| 2015 | 862,960 | 837,341 | 25,619 | 5.4 | 27% |
| 2016 | 985,451 | 1,023,987 | −38,536 | 4.0 | 22% |
| 2017 | 656,645 | 684,951 | −28,306 | 5.4 | 33% |
| 2018 | 563,755 | 699,939 | −136,184 | 3.0 | 34% |
| 2019 | 631,183 | 707,583 | −76,400 | 1.6 | 30% |
| 2020 | 345,421 | 482,592 | −137,171 | -1.0 | 29% |
| 2021 | 506,879 | 235,660 | 271,219 | 11.7 | 44% |
| 2022 | 620,889 | 413,294 | 207,595 | 12.7 | 32% |
| 2023 | 685,999 | 654,666 | 31,333 | 8.6 | 28% |
In its most recent public year (2023), this organization brought in $31,333 more than it spent. Its reserves stood at about 8.6 months of spending, up from 4.6 in 2010. Staff pay was 28% of spending. $305,687 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Velocity Dance Center's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works