Waterbury Ballet Company

Analysis

Waterbury Ballet Company is a registered charity in United States, based in Middlebury, CT. 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 December 2023, Waterbury Ballet Company reported income of $302k and spending of $318k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $302k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterbury Ballet Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Trinity Learning Center ($302k), Islamic American Society of Connecticut ($302k) and Shasta County Arts Council ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $66k. At year end it held assets of $174k against liabilities of $3,793, net assets of $171k. It reported 8 employees.