New York City Multicultural Dance Festival Inc
Nonprofit profile at a glance
- EIN
- 842867717
- IRS 990-EZ coverage
- 2020–2022
- Forms available
- Form 990-EZ 2022
- Location
- Flushing, NY, USA
- Phone
- 9179680435
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $5,697
- Expenses
- $13,321
- Assets
- $2,398
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- BOA RU (PRESIDENT)
People named in this filing
- BOA RU (PRESIDENT)
- YUN LU TAN (TREASURER)
- WENDY LAI (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community dance school for training children dancers for performaning arts in a healthy environment and competitive atmosphere.
What it reported doing in 2022
Dance classes & trainings for cultural dance performances
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 82
- Sustainability: 14
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.5%; rating input score 91
- Program expense ratio: 38.7%; rating input score 39
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -133.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 27.9% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 13.5% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 30% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 90.5% of revenue deployed · 38.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2020 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 39/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.