Ballet Oklahoma Inc

Analysis

Ballet Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 1969, 57 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 June 2023, Ballet Oklahoma Inc reported income of $5.2m and spending of $5.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.2m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 96% 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 Oklahoma Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Philharmonic Society of Orange County ($5.2m), Epochtimes Public Media Inc ($5.2m) and Henry Gallery Association Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $250k (4.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $11.7m against liabilities of $1.2m, net assets of $10.5m. It reported 66 employees.