Ashland Youth Ballet Inc

Analysis

Ashland Youth Ballet Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in March 2006, 20 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, Ashland Youth Ballet Inc reported income of $75k and spending of $74k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $75k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ashland Youth Ballet Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Symphony League Endowment Fund ($75k), Preservation Society of Columbus ($75k) and Story City Historical Society ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 19% of the total. At year end it held assets of $308k against liabilities of $156k, net assets of $152k.