Ballet Rhode Island

Analysis

Ballet Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1978, 48 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 August 2023, Ballet Rhode Island reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.7m to $2.2m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 88% 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 Rhode Island sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within RI. Charities of a similar size with the same main cause include National Museum of Gospel Music ($2.2m), The Engineering Society of Detroit ($2.2m) and Oregon International Airshow Hillsboro Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. Other salaries and wages came to $974k. At year end it held assets of $1.6m against liabilities of $643k, net assets of $995k. It reported 50 employees.