Orlando Ballet Inc

Analysis

Orlando Ballet Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1979, 47 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, Orlando Ballet Inc reported income of $9.0m and spending of $8.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $9.0m (-18%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orlando Ballet 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 95th percentile within FL. Charities of a similar size with the same main cause include American Society for Nondestructive Testing Inc ($9.0m), Grand Teton Music Festival Inc ($9.0m) and Glass-Glen Burnie Museum Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $401k (5.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $18.0m against liabilities of $1.5m, net assets of $16.5m. It reported 135 employees.