Eastern Connecticut Ballet Inc

Analysis

Eastern Connecticut Ballet Inc is a registered charity in United States, based in East Lyme, CT. It received its IRS tax-exemption ruling in June 1992, 34 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 August 2023, Eastern Connecticut Ballet Inc reported income of $720k and spending of $714k, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $596k to $720k (+21%), an average of +6.5% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Connecticut Ballet Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Mont Alto Ambulance Association Mont Alto Ambulance Squad ($720k), Kaweah Water Foundation ($720k) and Habitat for Humanity International Inc ($720k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Other salaries and wages came to $198k. At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 6 employees.