Ballet Virginia

Analysis

Ballet Virginia is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 2008, 18 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 June 2024, Ballet Virginia reported income of $1.2m and spending of $1.3m, spending 103% of its income. Across the 6 years on record, from August 2019 to June 2024, income grew from $850k to $1.2m (+44%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 101% 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 Virginia sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Pan African Film Festival ($1.2m), American Studies Association ($1.2m) and Horological Society of New York Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $674k. At year end it held assets of $221k against liabilities of $3,338, net assets of $218k. It reported 48 employees.