Pittsburgh Ballet Theatre Inc

Analysis

Pittsburgh Ballet Theatre Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1971, 55 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 June 2023, Pittsburgh Ballet Theatre Inc reported income of $10.5m and spending of $12.9m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.7m to $10.5m (+7.6%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 52%. 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, Pittsburgh Ballet Theatre Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include American Society for Biochemistry and Molecular Biology Inc ($10.5m), Supporting Organization for the Georgia Okeeffe Museum ($10.5m) and San Diego Museum of Art ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $674k (5.2% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $29.4m against liabilities of $4.0m, net assets of $25.4m. It reported 275 employees.