Rochester City Ballet Inc

Analysis

Rochester City Ballet Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Rochester City Ballet Inc reported income of $618k and spending of $627k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $666k to $618k (-7.3%), an average of -1.9% a year. The sharpest change came in the year to August 2020, when income dropped by 22%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rochester City Ballet Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Oregon Association of Minority Entr Epreneurs ($618k), Star House Foundation Inc ($618k) and New Hope Village Foundation ($618k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $108k (17% of expenses). Other salaries and wages came to $210k. At year end it held assets of $159k against liabilities of $265k, net assets of -$105k. It reported 21 employees.