Brighton Ballet Theater Co Inc

Analysis

Brighton Ballet Theater Co Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1995, 31 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 December 2023, Brighton Ballet Theater Co Inc reported income of $526k and spending of $559k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $577k to $526k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brighton Ballet Theater Co 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 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include National Space Club Huntsville Committee Inc ($526k), Pentagon Memorial Fund Inc ($526k) and Climate Science Legal Defense Fund ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $20k. At year end it held assets of $145k against liabilities of $134k, net assets of $11k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.