Ballet Concerto Inc

Analysis

Ballet Concerto Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 1970, 56 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 August 2023, Ballet Concerto Inc reported income of $160k and spending of $213k, spending 134% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $152k to $160k (+4.8%), an average of +4.8% a year. Over the whole period it spent 118% 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 Concerto Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Fremont Center for the Arts ($160k), Miami Chamber Music Society ($160k) and Gold Canyon Arts Council ($160k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 16% of the total. At year end it held assets of $17k against liabilities of $3,399, net assets of $14k.