School of American Ballet Inc

Analysis

School of American Ballet Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1942, 84 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, School of American Ballet Inc reported income of $13.0m and spending of $18.3m, spending 141% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $15.5m to $13.0m (-16%), an average of -4.3% a year. The sharpest change came in the year to August 2021, when income rose by 63%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, School of American Ballet Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Rock & Roll Hall of Fame Foundation Inc ($13.0m), J B Speed Art Museum ($13.1m) and Joshua M Freeman Foundation ($13.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.2m (6.3% of expenses). Other salaries and wages came to $5.8m. It paid $95k in professional fundraising fees. At year end it held assets of $92.7m against liabilities of $13.2m, net assets of $79.5m. It reported 196 employees.