Pennsylvania Ballet Association

Analysis

Pennsylvania Ballet Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1964, 62 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 July 2023, Pennsylvania Ballet Association reported income of $21.4m and spending of $19.1m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $16.0m to $21.4m (+34%), an average of +7.7% a year. The sharpest change came in the year to July 2023, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pennsylvania Ballet Association sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Columbia River Maritime Museum Inc ($21.4m), The Chrysler Museum Inc ($21.4m) and Cleveland Museum of Natural History ($21.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $648k (3.4% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $32.4m against liabilities of $7.9m, net assets of $24.6m. It reported 318 employees.