New Jersey Ballet Company Inc

Analysis

New Jersey Ballet Company Inc is a registered charity in United States, based in Florham Park, NJ. It received its IRS tax-exemption ruling in September 1997, 29 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, New Jersey Ballet Company Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.4m to $2.3m (+58%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Jersey Ballet Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Vortex Repertory Company ($2.3m), Minnesota Landmarks ($2.3m) and Ukrainian Educational and Cultural ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Other salaries and wages came to $905k. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 63 employees.