Long Island Ballet Theatre

Analysis

Long Island Ballet Theatre is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in February 2002, 24 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, Long Island Ballet Theatre reported income of $61k and spending of $61k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $45k to $61k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Long Island Ballet Theatre sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Musesalon Collaborative ($61k), Idaho Military Historical Society Inc ($61k) and New Hampshire Master Chorale ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 79% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.