Ballet Education & Scholarship Fund

Analysis

Ballet Education & Scholarship Fund is a registered charity in United States, based in St James, NY. It received its IRS tax-exemption ruling in June 1985, 41 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ballet Education & Scholarship Fund reported income of $78k and spending of $77k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $78k (-3.1%), an average of -3.1% a year. Over the whole period it spent 100% 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 Education & Scholarship Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include David Z Foundation ($78k), Physical Theater Festival Incorporated ($78k) and Broomfield Veterans Memorial Museum ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. At year end it held assets of $5,820 against liabilities of $0, net assets of $5,820.