Princeton Ballet Society

Analysis

Princeton Ballet Society is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in May 1961, 65 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, Princeton Ballet Society reported income of $4.6m and spending of $4.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $4.6m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Princeton Ballet Society sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Mizel Center for Arts and Culture ($4.6m), Communities in Schools of Cameron County ($4.6m) and Louisiana Childrens Museum ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $153k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.7m against liabilities of $4.5m, net assets of $1.1m. It reported 138 employees.