American Academy of Ballet Performance Awards Inc

Analysis

American Academy of Ballet Performance Awards Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Academy of Ballet Performance Awards Inc reported income of $971k and spending of $995k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $971k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Academy of Ballet Performance Awards Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Dyer Library Association ($970k), Independence High School Ptso ($971k) and John J Brannen Community Education Foundation Inc ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $8,638 against liabilities of $153k, net assets of -$144k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.