State Ballet of Rhode Island

Analysis

State Ballet of Rhode Island is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in March 1967, 59 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 June 2024, State Ballet of Rhode Island reported income of $93k and spending of $99k, spending 106% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $107k to $93k (-13%), an average of -13% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, State Ballet of Rhode Island sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within RI. Charities of a similar size with the same main cause include Texas Music Project Inc ($93k), Clinton Abc Program Inc ($93k) and Emmet County Historical Society ($93k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 14% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.