Nyc Dance Alliance Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
NYC DANCE FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. THIS ORGANIZATION HAS BEEN FORMED TO A)EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY AND B)ADVANCE EDUCATION. OUR ORGANIZATION HAS DESIGNED AND DEVELOPED ONE PROGRAM IN FURTHERANCE OF OUR PURPOSES. OUR PROGRAM IS ENTITLED: NYC DANCE ALLIANCE FOUNDATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING A FOUNDATION THAT PROVIDES EDUCATIONAL SUPPORT TO FUTURE GENERATIONS OF DANCERS. THE FOUNDATION IS A SCHOLARSHIP PROGRAM TO SUPPORT AND NURTURE THE NEXT GENERATION OF PROFESSIONAL DANCERS. THE FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO ONE OR MORE RECIPIENTS SO THAT THEY MAY FUND THEIR CONTINUED EDUCATION IN THE FIELD OF DANCE. THE FOUNDATION RAISES MONEY AT BENEFIT PERFORMANCES THROUGH TICKET SALES AND DONATIONS. THE FOUNDATION ALSO RECEIVES CONTRIBUTIONS FROM ON-GOING ANCILLARY FUND RAISERS.
- Income
- $516,615
- Spending
- $498,868
- Spent on programs
- 95%
- Reserves
- 1.1 months of spending
- Largest source of income
- donations and private grants, 75%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 65 out of 100. Higher than 32% of charities in its peer group (education, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 1.1 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
5 of 15Income fell 12% on the year before.
Spending floor
15 of 1595% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 23 out of 100. Higher than 4% of charities in its peer group (education, $250k to $1m).
Independent board
5 of 250 of 3 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $475,054 spent. SCHOLARSHIP AWARDS WERE MADE TO 140 INDIVIDUALS TO HELP FUND THEIR CONTINUED EDUCATION IN THE FIELD OF DANCE.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.