New Orleans Ballet Inc

Analysis

New Orleans Ballet Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2022, New Orleans Ballet Inc reported income of $770k and spending of $618k, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $592k to $770k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 413%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Orleans Ballet Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Jupiter Symphony of New York Inc ($770k), Monthaven Arts and Cultural Center ($770k) and Epic Players Inc ($770k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $238k. At year end it held assets of $1.5m against liabilities of $3,358, net assets of $1.5m. It reported 17 employees.