Syracuse City Ballet Inc

Analysis

Syracuse City Ballet Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in December 1997, 29 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 December 2023, Syracuse City Ballet Inc reported income of $378k and spending of $535k, spending 141% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $526k to $378k (-28%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Syracuse City Ballet Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Metal Arts Guild of Georgia Inc ($378k), Operation Refuge Inc ($378k) and Unmanageable ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $16k (2.9% of expenses). Other salaries and wages came to $231k. At year end it held assets of $36k against liabilities of $94k, net assets of -$58k. It reported 15 employees.