Balletrox Inc

Analysis

Balletrox Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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, Balletrox Inc reported income of $291k and spending of $323k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $261k to $291k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Balletrox Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include The Michael O Neal Singers Inc ($291k), Twisters Inc of Champlin ($291k) and Longfellow Key ($291k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $35k (11% of expenses). Other salaries and wages came to $197k. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.