Ellison Ballet Foundation Inc

Analysis

Ellison Ballet Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ellison Ballet Foundation Inc reported income of $1.6m and spending of $1.8m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $1.6m (+214%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ellison Ballet Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Hart 2 Hart Christian Academy Inc ($1.6m), Careerworks Inc ($1.6m) and Delta Chi Educational Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $262k (14% of expenses). Other salaries and wages came to $352k. At year end it held assets of $582k against liabilities of $254k, net assets of $328k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.