Eglevsky Ballet Company of L I Inc

Analysis

Eglevsky Ballet Company of L I Inc is a registered charity in United States, based in Bethpage, NY. It received its IRS tax-exemption ruling in November 1966, 60 years ago. 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 2023, Eglevsky Ballet Company of L I Inc reported income of $798k and spending of $886k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $639k to $798k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eglevsky Ballet Company of L I 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 73rd percentile within NY. Charities of a similar size with the same main cause include Louisiana Soccer Club ($798k), Pine Ridge Bible Camp and Conference Center ($798k) and National Church Residences of ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $73k (8.2% of expenses). At year end it held assets of $1.3m against liabilities of $1.4m, net assets of -$120k. It reported 9 employees.