Ballet School of Stamford

Analysis

Ballet School of Stamford is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2024, Ballet School of Stamford reported income of $263k and spending of $260k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $64k to $263k (+312%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 98% 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 School of Stamford sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Bridge View Center Inc ($263k), Children S Repertory of Oregon Workshops Inc ($263k) and Springfield Area Public Access Television ($263k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $70k (27% of expenses). Other salaries and wages came to $87k. At year end it held assets of $95k against liabilities of $25k, net assets of $69k. It reported 12 employees.