Northeast Youth Ballet Inc

Analysis

Northeast Youth Ballet Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in September 1997, 29 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 September 2024, Northeast Youth Ballet Inc reported income of $173k and spending of $196k, spending 113% of what it took in. Across the 3 years on record, from September 2022 to September 2024, income grew from $79k to $173k (+120%), an average of +48% a year. The sharpest change came in the year to September 2023, when income rose by 95%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeast Youth Ballet Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Friends of the German-American Cultural Center Inc ($173k), Menomonie Theater Guild Inc ($173k) and ZGD Inc ($173k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $31k (16% of expenses). Other salaries and wages came to $9,600. At year end it held assets of $9,722 against liabilities of $31k, net assets of -$21k. It reported 3 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.