Ballet Guild of Ithaca Inc

Analysis

Ballet Guild of Ithaca Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ballet Guild of Ithaca Inc reported income of $140k and spending of $140k, spending 100% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $111k to $140k (+26%), an average of +26% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 104% 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 Guild of Ithaca Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Ferndale Museum Inc ($140k), Rappahannock Concert Association Inc ($140k) and Washington School of Chinese Language & Culture ($140k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.