Ballet Theatre Foundation Inc

Analysis

Ballet Theatre Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1947, 79 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 Theatre Foundation Inc reported income of $35.9m and spending of $55.2m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $47.2m to $35.9m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 102% 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 Theatre Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Advanced Robotics for Manufacturing Institute ($35.9m), Public Broadcasting of Colorado Inc ($36.9m) and Oregon Shakespeare Festival Association ($35.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $1.7m (3.1% of expenses). Other salaries and wages came to $21.4m. It paid $270k in professional fundraising fees. At year end it held assets of $75.5m against liabilities of $31.8m, net assets of $43.7m. It reported 699 employees.