Ballet Tech Foundation Inc

Analysis

Ballet Tech Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1974, 52 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 June 2023, Ballet Tech Foundation Inc reported income of $6.1m and spending of $4.8m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.5m to $6.1m (-6.7%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income dropped by 24%. Over the whole period it spent 70% 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 Tech Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Frank Lloyd Wright Trust ($6.1m), Northeastern Pennsylvania Educational Television Association ($6.1m) and Trace Media Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $435k (9.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $33.1m against liabilities of $601k, net assets of $32.5m. It reported 112 employees.