North Dakota Ballet Company

Analysis

North Dakota Ballet Company is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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, North Dakota Ballet Company reported income of $385k and spending of $349k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $240k to $385k (+60%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Dakota Ballet Company sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ND. Charities of a similar size with the same main cause include Billings Public Library Foundation Inc ($385k), Elmhurst District 205 Foundation for Educational Excellence ($385k) and Decatur Area Arts Council Inc ($385k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $76k. At year end it held assets of $377k against liabilities of $1,936, net assets of $375k. It reported 19 employees.