Wilmington Ballet Academy of the Dance Inc

Analysis

Wilmington Ballet Academy of the Dance Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Wilmington Ballet Academy of the Dance Inc reported income of $339k and spending of $452k, spending 133% of what it took in. Across the 6 years on record, from July 2019 to August 2023, income fell from $415k to $339k (-18%), an average of -4.0% a year. The sharpest change came in the year to August 2020, when income rose by 2423%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wilmington Ballet Academy of the Dance Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 58th percentile within DE. Charities of a similar size with the same main cause include Chinese American Cultural Association Inc ($339k), Iu Mien Community Services ($339k) and St Johns County Center for the Arts Inc ($339k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $57k (13% of expenses). Other salaries and wages came to $46k. At year end it held assets of $672k against liabilities of $123k, net assets of $549k. It reported 3 employees.