Manhattan Youth Ballet Inc

Analysis

Manhattan Youth Ballet Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2022, 4 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manhattan Youth Ballet Inc reported income of $1.1m and spending of $1.6m, spending 149% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $858k to $1.1m (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Manhattan Youth Ballet Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Su Teatro ($1.1m), The Grand Oshkosh Inc ($1.1m) and Delaware Center for Contemporary Arts ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $609k. At year end it held assets of $554k against liabilities of $835k, net assets of -$282k.