Virginia Regional Balletincorporated

Analysis

Virginia Regional Balletincorporated is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in November 2007, 19 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, Virginia Regional Balletincorporated reported income of $178k and spending of $165k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $178k (+6.0%), an average of +6.0% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Regional Balletincorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Comite Mexicano Civico Patriotico Inc ($178k), Roswell High School Band Booster Association Inc ($178k) and Sunnyvale Community Players ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 90% of the total. At year end it held assets of $124k against liabilities of $14k, net assets of $110k.