New Bedford Ballet Foundation Inc

Analysis

New Bedford Ballet Foundation Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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 August 2023, New Bedford Ballet Foundation Inc reported income of $315k and spending of $312k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $308k to $315k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to August 2020, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bedford Ballet Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Basics Intl Brothers and Sisters in Christ Serving ($315k), School District 46 Educational Foundation Inc ($315k) and California Coast Music Camp ($315k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 85% of the total. Other salaries and wages came to $146k. At year end it held assets of $380k against liabilities of $27k, net assets of $353k. It reported 22 employees.