Portland School of Ballet

Analysis

Portland School of Ballet is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Portland School of Ballet reported income of $579k and spending of $559k, spending 97% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $438k to $579k (+32%), an average of +9.8% a year. The sharpest change came in the year to July 2022, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland School of Ballet sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Adirondack Architectural Heritage ($579k), Moclips by the Sea Historical Society ($579k) and Amelia Island Chamber Music Festival Inc ($579k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $315k. At year end it held assets of $175k against liabilities of $307, net assets of $175k. It reported 5 employees.