Vermont Ballet Theater Inc

Analysis

Vermont Ballet Theater Inc is a registered charity in United States, based in Essex, VT. It received its IRS tax-exemption ruling in June 2002, 24 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vermont Ballet Theater Inc reported income of $63k and spending of $52k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $36k to $63k (+74%), an average of +74% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vermont Ballet Theater Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 16th percentile within VT. Charities of a similar size with the same main cause include Redlands Theatre Festival Inc ($63k), KHS Friends of Music Inc ($63k) and Korean War Memorial Society ($63k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $84k against liabilities of $238k, net assets of -$155k.