Chautauqua Regional Youth Ballet Inc

Analysis

Chautauqua Regional Youth Ballet Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in October 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chautauqua Regional Youth Ballet Inc reported income of $224k and spending of $230k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $195k to $224k (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 40%. 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, Chautauqua Regional Youth Ballet 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 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Historic Rittenhousetown Inc ($224k), Boulder Chorale ($224k) and Oklahoma Philharmonic Affiliated Fund of the Oklahoma City ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $78k. At year end it held assets of $94k against liabilities of $60k, net assets of $35k. It reported 9 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.