Connecticut Concert Ballet Inc

Analysis

Connecticut Concert Ballet Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, Connecticut Concert Ballet Inc reported income of $432k and spending of $419k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $432k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Concert Ballet Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include The George Balanchine Foundation Inc ($432k), The Vernacular Architecture Forum ($432k) and Boosters of Boys Girls Sports ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $74k (18% of expenses). Other salaries and wages came to $154k. At year end it held assets of $208k against liabilities of $0, net assets of $208k. It reported 13 employees.