Staten Island Ballet Theater Inc

Analysis

Staten Island Ballet Theater Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in September 1994, 32 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 May 2023, Staten Island Ballet Theater Inc reported income of $339k and spending of $445k, spending 131% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $421k to $339k (-19%), an average of -5.3% a year. The sharpest change came in the year to May 2022, when income rose by 160%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Staten Island Ballet Theater Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Gafney Library ($339k), Operation Aware of Oklahoma Inc ($339k) and Masters Mission ($338k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $124k (28% of expenses). At year end it held assets of $153k against liabilities of $182k, net assets of -$29k. It reported 23 employees.