Pennsylvania Academy of Ballet Society Inc

Analysis

Pennsylvania Academy of Ballet Society Inc is a registered charity in United States, based in Narberth, PA. It received its IRS tax-exemption ruling in January 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pennsylvania Academy of Ballet Society Inc reported income of $88k and spending of $86k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $88k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 76% 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 Academy of Ballet Society Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Home of Fine Arts Connection Inc ($88k), Confluence Ballet Co ($88k) and Parson John Living Histroy Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.