Ballet Theatre of Boston Inc

Analysis

Ballet Theatre of Boston Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2023, Ballet Theatre of Boston Inc reported income of $1.3m and spending of $1.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $1.3m (-47%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 199%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Theatre of Boston Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Martin Auto Museum Inc ($1.3m), River City Brass Band ($1.3m) and East Texas Symphony Orchestra ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $321k (22% of expenses). Other salaries and wages came to $124k. At year end it held assets of $5.3m against liabilities of $4.0m, net assets of $1.2m. It reported 6 employees.