New Haven Ballet Inc

Analysis

New Haven Ballet Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Haven Ballet Inc reported income of $1.0m and spending of $894k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $796k to $1.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Haven Ballet Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include World Affairs Council of Jacksonville ($1.0m), St Theresa of Avila Senior Housing Development Fund Corporation ($1.0m) and Anchorpoint Counseling Ministry Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.3m against liabilities of $275k, net assets of $979k. It reported 28 employees.