Ballet Theatre of Scranton

Analysis

Ballet Theatre of Scranton is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in August 1996, 30 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, Ballet Theatre of Scranton reported income of $142k and spending of $207k, spending 146% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $196k to $142k (-27%), an average of -27% a year. The sharpest change came in the year to July 2023, when income dropped by 27%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Theatre of Scranton sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Critical Mass Dance Company ($142k), Project Merz Inc ($142k) and Brigham City Fine Arts Council ($142k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 22% of the total. At year end it held assets of $109k against liabilities of $1,351, net assets of $108k.