Connecticut Ballet Inc

Analysis

Connecticut Ballet Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2024, Connecticut Ballet Inc reported income of $803k and spending of $838k, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $545k to $803k (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 67%. 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, Connecticut Ballet Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include PTA New York Congress ($803k), Florida Next Foundation Inc ($803k) and Lemars Family Young Mens Christian Association ($803k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $157k. At year end it held assets of $100k against liabilities of $3,335, net assets of $96k. It reported 1 employees.