Ballet Artists of Wny Inc

Analysis

Ballet Artists of Wny Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1999, 27 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 July 2024, Ballet Artists of Wny Inc reported income of $694k and spending of $738k, spending 106% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $528k to $694k (+32%), an average of +5.6% a year. The sharpest change came in the year to July 2022, when income rose by 65%. Over the whole period it spent 96% 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 Artists of Wny Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Great Lakes Chamber Music Festival Operating Corporation ($694k), Our Community Ltd ($694k) and Saratoga Arts Inc ($694k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $179k (24% of expenses). Other salaries and wages came to $105k. At year end it held assets of $537k against liabilities of $37k, net assets of $500k. It reported 11 employees.