Ballet School of New York Inc

Analysis

Ballet School of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 December 2023, Ballet School of New York Inc reported income of $290k and spending of $335k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $290k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ballet School of New York Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Path Mental Retardation Housing Associates Inc ($290k), Enid Public School Foundation Inc ($290k) and Habitat for Humanity International Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $74k (22% of expenses). Other salaries and wages came to $75k. At year end it held assets of $54k against liabilities of $40k, net assets of $15k. It reported 15 employees.