School of the Garden State Ballet

Analysis

School of the Garden State Ballet is a registered charity in United States, based in Rutherford, NJ. It received its IRS tax-exemption ruling in March 1972, 54 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 August 2023, School of the Garden State Ballet reported income of $718k and spending of $715k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $791k to $718k (-9.2%), an average of -2.4% a year. 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, School of the Garden State Ballet sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Up with People-Incorporated California ($718k), Friends of the Boerner Botanical Grdns-Milw Cnties Whitnall PRK Inc ($718k) and Dekalb Historicial Society Inc ($718k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. At year end it held assets of $9,629 against liabilities of $138k, net assets of -$129k.