The George Balanchine Foundation Inc

Analysis

The George Balanchine Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, The George Balanchine Foundation Inc reported income of $432k and spending of $352k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $432k (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The George Balanchine Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Boosters of Boys Girls Sports ($432k), Connecticut Concert Ballet Inc ($432k) and Mission Housing Development Property IV Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 3.4% of the total. At year end it held assets of $787k against liabilities of $2,068, net assets of $785k.