Durham Ballet Theatre

Analysis

Durham Ballet Theatre is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2014, 12 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 2024, Durham Ballet Theatre reported income of $92k and spending of $84k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $66k to $92k (+40%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Durham Ballet Theatre sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Association of California Caregiver Resource Centers ($92k), Society for the Study of Emerging Adulthood Inc ($92k) and Lexington Youth Theatre Inc ($92k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.