Fairfax Ballet Company

Analysis

Fairfax Ballet Company is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in June 1972, 54 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 2024, Fairfax Ballet Company reported income of $102k and spending of $105k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $122k to $102k (-17%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairfax Ballet Company sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Pacoli New York Inc ($102k), Rumi Academy ($102k) and Peytons Project ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 81% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.