Winston-Salem Festival Ballet Inc

Analysis

Winston-Salem Festival Ballet Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 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 September 2023, Winston-Salem Festival Ballet Inc reported income of $509k and spending of $519k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $547k to $509k (-6.9%), an average of -1.8% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Winston-Salem Festival Ballet Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Amplified Impact Partners ($509k), The Lyric Chamber Music Society of New York Inc ($509k) and Victoria Ballet Theatre ($509k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). At year end it held assets of $1,236 against liabilities of $109k, net assets of -$108k.