Ballet Wichita Inc

Analysis

Ballet Wichita Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in July 1976, 50 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, Ballet Wichita Inc reported income of $375k and spending of $478k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $378k to $375k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 247%. Over the whole period it spent 105% 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 Wichita Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Los Angeles Jewish Symphony ($375k), Sheldon Art Museum Archaeological and Historical Society ($375k) and Open Eye Theatre ($375k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $89k. At year end it held assets of $389k against liabilities of $420k, net assets of -$31k. It reported 5 employees.