Is Dance For The Cure Inc Legit?

Quick charity verification for Dance For The Cure Inc (EIN: 100817874)

Verdict: Dance For The Cure Inc appears trustworthy

92/100Mission Score
$219KRevenue
$231KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Dance For The Cure Inc demonstrates consistent financial growth and strong program focus. Over the past five years, revenue has steadily increased from $81,409 in 2019 to $152,377 in 2023, indicating growing support for its mission. The organization consistently reports zero liabilities, suggesting sound financial management and a lack of debt. Its assets have also grown significantly, from $94,076 in 2019 to $169,566 in 2023, providing a solid financial foundation. The organization's spending efficiency appears robust, with expenses generally aligning with or slightly below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $150,200 against revenues of $152,377. A key indicator of efficiency is the consistent reporting of 0% officer compensation across all available filings, which suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, allowing more funds to be directed towards programs. This practice significantly enhances its spending efficiency. Transparency is high, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The absence of officer compensation is a notable positive for transparency and public trust. The organization's financial health is strong, characterized by steady revenue growth, healthy asset accumulation, and a debt-free status, all contributing to its capacity to fulfill its mission effectively.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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