Ballet Theatre of Ashburn Inc

Analysis

Ballet Theatre of Ashburn Inc is a registered charity in United States, based in Ashburn, VA. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Ballet Theatre of Ashburn Inc reported income of $473k and spending of $479k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $307k to $473k (+54%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 101% 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 Theatre of Ashburn Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Sound Theatre ($473k), African Film Festival ($473k) and International Conference on Environmental Systems Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $59k (12% of expenses). Other salaries and wages came to $64k. At year end it held assets of $38k against liabilities of $43k, net assets of -$4,434. It reported 13 employees.