The Heart Of Dance
EIN: 300198691 · Grand Rapids, MI · NTEE: A62
| Metric | Value |
|---|---|
| Total Revenue | $285K |
| Total Expenses | $302K |
| Net Assets | $532K |
Is The Heart Of Dance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Heart Of Dance
The Heart Of Dance (EIN: 300198691) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code A62. The organization reported total revenue of $285K and total assets of $903K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Heart Of Dance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Heart Of Dance is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $302K |
| Surplus / Deficit | $-22,996 |
| Total Assets | $903K |
| Total Liabilities | $372K |
| Net Assets | $532K |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 41.2% |
| Months of Reserves | 35.9 months |
Financial Health Grade: B
In 2024, The Heart Of Dance reported a deficit of $23K with expenses exceeding revenue, holds 35.9 months of operating reserves (strong position), has a debt-to-asset ratio of 41.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), The Heart Of Dance's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.2% | +7.3% | -3.3% |
| 2023 | +11.8% | +8.4% | -0.5% |
| 2022 | +0.6% | +5.9% | -3.7% |
| 2021 | +8.6% | -14.4% | +0.1% |
| 2020 | -20.2% | -2.7% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Heart Of Dance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Heart Of Dance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.2%.
Frequently Asked Questions about The Heart Of Dance
Is The Heart Of Dance a legitimate charity?
The Heart Of Dance (EIN: 300198691) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $285K. No red flags identified. Financial health grade: B.
How does The Heart Of Dance spend its money?
The Heart Of Dance reported $285K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Heart Of Dance tax-deductible?
The Heart Of Dance is registered as a tax-exempt nonprofit (EIN: 300198691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Heart Of Dance located?
The Heart Of Dance is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 300198691. It is classified under NTEE code A62.
How many years of IRS 990 filings does The Heart Of Dance have?
The Heart Of Dance has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $285K in total revenue.
Filing History
IRS 990 filing history for The Heart Of Dance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Heart Of Dance's revenue has grown by 11%, moving from $251K to $279K. Total assets increased by 1198.9% over the same period, from $70K to $903K. Total functional expenses rose by 30.4%, from $231K to $302K. In its most recent filing year (2024), The Heart Of Dance reported a deficit of $23K, with expenses exceeding revenue. The organization holds $372K in liabilities against $903K in assets (debt-to-asset ratio: 41.2%), resulting in net assets of $532K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $279K | $302K | $903K | $372K | — | — |
| 2023 | $291K | $281K | $934K | $379K | — | View 990 |
| 2022 | $260K | $259K | $938K | $394K | — | View 990 |
| 2021 | $259K | $245K | $974K | $430K | — | View 990 |
| 2020 | $238K | $286K | $974K | $443K | — | View 990 |
| 2019 | $298K | $294K | $1.0M | $438K | — | View 990 |
| 2018 | $348K | $308K | $1.0M | $460K | — | View 990 |
| 2017 | $324K | $302K | $1.0M | $484K | — | View 990 |
| 2016 | $668K | $310K | $1.0M | $536K | — | View 990 |
| 2015 | $403K | $299K | $181K | $25K | — | View 990 |
| 2014 | $296K | $277K | $99K | $47K | — | View 990 |
| 2013 | $265K | $277K | $62K | $29K | — | View 990 |
| 2012 | $251K | $231K | $70K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $279K, expenses of $302K, and assets of $903K (revenue -4.2% year-over-year).
- 2023: Revenue of $291K, expenses of $281K, and assets of $934K (revenue +11.8% year-over-year).
- 2022: Revenue of $260K, expenses of $259K, and assets of $938K (revenue +0.6% year-over-year).
- 2021: Revenue of $259K, expenses of $245K, and assets of $974K (revenue +8.6% year-over-year).
- 2020: Revenue of $238K, expenses of $286K, and assets of $974K (revenue -20.2% year-over-year).
- 2019: Revenue of $298K, expenses of $294K, and assets of $1.0M (revenue -14.2% year-over-year).
- 2018: Revenue of $348K, expenses of $308K, and assets of $1.0M (revenue +7.3% year-over-year).
- 2017: Revenue of $324K, expenses of $302K, and assets of $1.0M (revenue -51.5% year-over-year).
- 2016: Revenue of $668K, expenses of $310K, and assets of $1.0M (revenue +65.6% year-over-year).
- 2015: Revenue of $403K, expenses of $299K, and assets of $181K (revenue +36.3% year-over-year).
- 2014: Revenue of $296K, expenses of $277K, and assets of $99K (revenue +11.9% year-over-year).
- 2013: Revenue of $265K, expenses of $277K, and assets of $62K (revenue +5.4% year-over-year).
- 2012: Revenue of $251K, expenses of $231K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Heart Of Dance:
Data Sources and Methodology
This transparency report for The Heart Of Dance is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.