Boston Ballet Inc

Analysis

Boston Ballet Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1964, 62 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Boston Ballet Inc reported income of $43.1m and spending of $43.8m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $33.4m to $43.1m (+29%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boston Ballet Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Hale Centre Theatre ($43.0m), American Lightweight Materials Manufacturing Innovation Institute ($43.5m) and Dallas Symphony Association Inc ($42.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.4m (3.2% of expenses). Other salaries and wages came to $17.0m. At year end it held assets of $91.2m against liabilities of $40.0m, net assets of $51.2m. It reported 637 employees.